BCashflow Positive / Blog
How are the Big 4 banks taking advantage of their customers?
The Australian Securities and Investments Commission (ASIC) and Australian Small Business and Family Enterprise Ombudsman (ASBFEO) say they’re concerned after the crackdown of the “fees for no service” scandal of Australia’s biggest financial institutions.
The Big 4 banks and their peers have been scrutinised over the past few months by ASIC and The Royal Commission for their greed and unethical standards. Even politicians have joined the chorus, and all seem to be singing from the same page, targeting deplorable customer service, bad financial advice, and for the practice of charging fees for advice that was never given, worst of all, reported cases of charging deceased clients for financial advice.
Wondering if there’s more? Look past the BIG FOUR
If you’re ready to take control of your financial future, you should first look at whom you’re choosing to get finance from. For excellent service, accountability, transparency and honesty, businesses need to look into the boutique financial services. The independent financial services market is packed with companies that have been operating for many years, and their customers are very well looked after. You have a choice, and there is no better time than now to break free and explore the alternatives.
Invoice finance is growing in popularity as a simple solution to a variety of financial needs, yet most business owners wonder if it is for them. The good news is Invoice Financing is for businesses of any size – including startups with a limited sales history and qualifying for financing is relatively quick and straightforward.
Why should you turn to us for invoice financing?
BCashflow Positive has been a market leader since 1989 and is totally independent. We are free from any influence or restrictions from the big banks or for that matter any other outside influences with its major competitor, a publicly listed company, undoubtedly controlled by its own financing facilities with the big four.
BCashflow Positive has a strong reputation and operates on core values – fairness, transparency and quality customer service levels that the others can only dream of.
BCashflow Positive pride themselves on offering simple, flexible and totally transparent Invoice Finance facilities, and to make it even easier for SME’s, BCashflow Positive does not ask for real estate security.
BCashflow Positive will take no more than 24 business hours to assess your application and come back to you with an answer and a formal offer. If you have dealt with the banks recently you would have experienced turnaround times that extend into weeks and even months.
Are you looking for financing?
If you need to raise funds from your debtors, Invoice Financing through BCashflow Positive would be an excellent alternative to what the majors can offer, with all their strings, controls and real estate security that go along with banks.
Don’t waste your time with the big banks, BCashflow Positive is the best alternative for your Invoice Financing requirements.
Find out more today by calling 1300 937 292 or fill out our quick contact form online.
"We used BCashflow Positive when our bankers didn't want to know us, as we operate in an industry that was going to be affected by the introduction of the carbon tax.Traditional lenders were unable to deal with the uncertainty and risks.
BCashflow Positive understood the risk and assisted us with our cash flow, which was great"
"Getting instant funds from our invoices is crucial to our business success. It means we can pay wages on time and grow our business. The staff are also great to deal with."Owner, Recruitment, NSW
"We engaged BCashflow Positive to get on top of our ATO obligations. Constant cash flow allows us to meet our operating expenses and grow our business."Accountant, Earthmoving, QLD
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