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Invoice Finance
Boost your cash flow by converting outstanding customer invoices into cash (within 24 hours).
Why choose Invoice Finance?
With Invoice Finance you don’t need to wait for your customers to pay their invoices. Instead, you can borrow up to 85% of the value of your outstanding invoices and have access to these funds within 24 hours. Use Invoice Finance to manage seasonal and other cash flow fluctuations or to simply grow your business sales. Upon full payment of the invoices, the remaining balance, less fees & interest, will be paid to you. Suncorp Bank partners with ScotPac Business Finance, the largest provider of working capital solutions in Australia & New Zealand, for the provision of Invoice Finance services.
Key features
- Access up to 85% of the value of your unpaid invoices
- Funds available within as little as 24 hours
- No property security required - your invoices serve as security. Use the Invoice Finance option just when it suits you - flexible options to fund one or all of your invoices, ongoing or when you need it. Specialist support for any questions or guidance you may need is available from 9am to 5pm weekdays.
Interest rates
Interest rates are determined by your individual business circumstances and therefore we do not publish a single lending rate. Your Business Banking Manager will take into consideration your needs and circumstances and provide you with competitive rate options.
Fees
Fees vary and are available on application.
Eligibility
While Invoice Finance can be a flexible option for B2B businesses selling on standard trade credit terms, eligibility criteria apply and applications will be assessed on an individual basis. Therefore, it is best to speak to your Relationship Manager or contact us on 13 11 55 to see if Invoice Finance is appropriate for your business.
Invoice Finance credit facilities are provided by Scottish Pacific Business Finance ABN 79 008 636 388 (ScotPac) under referral arrangements with Suncorp-Metway Limited ABN 66 010 831 722 (Suncorp Bank). Suncorp Bank is not responsible for and does not guarantee or otherwise support ScotPac's obligations under the contracts or agreements connected with Debtor Finance.
Business Lending Products are issued by Suncorp-Metway Ltd ABN 66 010 831 722 Australian Credit Licence number 229882 (“Suncorp Bank”). To approved applicants only. Fees, charges, terms and conditions apply and are available on request.
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Suncorp Clear Options Credit Cards. Suncorp-Metway Ltd ABN 66 010 831 722 (“Suncorp Bank”) promotes and distributes Suncorp Clear Options Credit Cards on NAB's behalf under an agreement with NAB. NAB has acquired the business relating to this credit from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the Credit Cards. Suncorp Bank will not guarantee or otherwise support NAB's obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Suncorp Internet Banking and Suncorp Telephone Banking).
