Factoring is simply selling your invoices for a small fee. Like any other asset in your business, you can sell the debts that Insurance companies owe you for completed repairs. Working Capital Finance will buy these debts from you for a small fee. WCF specialise in Factoring solely for the smash repair industry.
It couldn’t be easier. Simply send us your repair invoice and the insurance company repair authority for your completed repairs BEFORE you send it to the insurance company. We check the invoice and if its all good, we buy it from you for cash immediately EFT’ed into your bank account. For insurance company invoices accepted for discounting, we pay you up to 100% of the value of the invoice, less our Factoring fee of 1.75%. Minimum fee is $80 per invoice.
Factoring can immediately release the cash tied up in your unpaid insurance company invoices, giving you the freedom to put the cash to good use. WCF can get you the cash as quickly as just 2 hours* – if you really need it, or by the next business day, which is our standard service. Both of which is a fraction of the time it takes most Banks to act.
If you need a large amount or just a small amount of cash right now then invoice discounting/factoring can’t be beaten
It’s fast – Same day in need
It’s easy to set up. No security, No financial accounts or similar are needed.
No establishment fees or setup costs
You incur costs only if you use it.
(*An additional fee applies for this service. Call us for details)
ANYONE WHO SAY INVOICE DISCOUNTING OR FACTORING IS TOO EXPENSIVE IS OFTEN WRONG. OFTEN IT IS FAR BETTER THAN OTHER ALTERNATIVES.
About Our Invoice Factoring Company
Kim Jacobs and the team at Working Capital Finance are experienced professional factoring specialists who focus on invoice factoring for Australia’s smash repairers. With a strong success rate and a long history, we help smash repairers generate crucial cash flow when they need it most.