What is invoice finance?
Invoice finance allows your business to access working capital by unlocking the value of unpaid invoices. Instead of waiting for customers to pay, you can receive a portion of the invoice value upfront, helping you manage cash flow, cover operating costs, or invest in growth. Interest is typically charged only on the funds used, and the facility can be tailored to your business profile and lender requirements.
Invoice finance is ideal for businesses looking to maintain smooth operations, pay suppliers or staff on time, or manage seasonal or unexpected expenses.
Benefits of invoice finance
Invoice finance gives your business fast, flexible access to working capital exactly when you need it.
Flexible access to funds
Draw on your facility as invoices are issued and unpaid.
Interest only on funds used
You only pay interest on the amount advanced, not the full invoice value.
Quick access when needed
Funds are usually available within 1-2 business days of approval.
Reusable finance facility
As invoices are paid, your available balance is replenished, giving ongoing access to working capital.
Improved cash flow management
Manage late payments, seasonal fluctuations, or unexpected expenses with confidence.
Secured or unsecured options
Facilities can be structured as secured or unsecured, depending on your business needs.
Things to consider when applying
Common uses
Invoice finance can be used for:
Managing everyday working capital
Paying suppliers promptly
Bridging seasonal cash flow gaps
Handling unexpected expenses
Funding growth initiatives without taking on long-term debt
Covering short-term operational costs
Eligibility criteria
To qualify for invoice finance, you generally need:
Minimum 24 months trading history with an ABN
Monthly turnover of $5,000 or more
Satisfactory business and personal credit score
Ability to make loan repayments
Able to provide recent bank statements
Business owner 18 years or older
Australian citizens or permanent residents
Invoice finance summarised
Loan Amount
Varies depending on lender and business profile
Repayment Schedule
Flexible, often linked to invoice payments or revenue cycles
Purpose
Flexible use for operational expenses, payroll, suppliers, or growth
Security Options
Flexible use for business growth, equipment, payroll, or other initiatives
How to apply for invoice finance
Applying for a invoice finance is straightforward if you follow these steps:
Step 1:
Determine Your Eligibility
Provide basic business information, details of outstanding invoices, and consent. We’ll review to see if you’re eligible and calculate your funding capacity without affecting your credit score.
Step 2:
Finding the Right Lender
We compare lenders to see which is best suited to your business needs. Your application is submitted to the chosen lender, and we manage the process on your behalf.
Step 3:
Approval and Settlement
Once approved, we organise the account setup with the lender. Your business can then access funds quickly against your invoices, giving you working capital exactly when you need it.
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