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 80% 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 20% balance (less fees & interest) will be paid to you. Suncorp Bank partners with Scottish Pacific, the largest provider of working capital solutions in Australia & New Zealand, for the provision of Invoice Finance services.
- Access up to 80% of the value of your unpaid invoices
- Use the industry-recognised Scottish Pacific E3 platform to upload your invoices in seconds – you save on paperwork and admin time.
- Funds available within 24 hours
- No property security required – your invoices serve as security
- Use the invoice finance option just when it suits you - if you don’t require the funds, don’t draw on them and save interest
- Specialist support for any questions or guidance you may need is available from 9am to 5pm.
Interest rates are determined by your individual business circumstances and therefore we do not publish a single lending rate.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 vary and are available on application.
Because the merits of each business applying for Invoice Finance will be assessed individually, it’s best to speak to us on 13 11 55 to see if invoice finance is appropriate for your business.
Debtor Finance credit facilities are provided by Scottish Pacific Business Finance ABN 79 008 636 388 (Scottish Pacific) 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 Scottish Pacific'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. Citigroup Pty Limited ABN 88 004 325 080, AFSL No. 238098, Australian Credit Licence 238098 (“Citigroup”) is the credit provider and issuer of Suncorp Clear Options Business Credit Cards. Suncorp Bank promotes and distributes Suncorp Clear Options Business Credit Cards on Citigroup’s behalf under an agreement with Citigroup. Suncorp Bank will not guarantee or otherwise support Citigroup’s obligations under the contracts or agreements connected with the Credit Cards (other than those relating to Suncorp Bank internet banking and telephone banking).