MEDIA RELEASE
INVOICE DISCOUNTING TAKES A BIG STEP FORWARD

Australia’s leading debtor financing specialist has released an all-new product which will raise the level of invoice discounting to match the way this aspect of the industry has boomed.

Oxford Funding says its all-new Invoice Discounting MK II product is targeted at larger businesses than the previous product and will attract those with over $20 million in annual sales. And in doing so, the debtor financing specialist has lifted its operation to take on the established major banks.

‘This initiative is all part of our on-going growth strategy’ says Oxford Funding’s Rob Lamers. ‘We’ll be targeting larger and more profitable SMEs. The clients we’ll be targeting are the next largest category from where our successful Confidential Debtor Finance product has been popularly used.

‘So our all-new Invoice Discounting product is really a development of its predecessor in being a self-funding product offering a quick line of credit to enable a business to fund its own growth by generating more sales. The speed at which more quick cash becomes available enables the company to
boost expansion.’

Oxford Funding is promoting the new product's advantages:

• The provision of increased funding - up to 90 percent - on a spread ledger.
• Charges over floating assets only, so leaving all fixed assets unemcumbered.
• Integrity Only guarantees are solely applied.
• Meet with the credit team that make the decisions.
• A Refinance Team on the client¹s premises ensures a seamless switch.
• More competitive charges.

‘Our move also takes full advantage of what is happening in Australia. Whereas this industry has seen invoice factoring grow in total size from one billion to 3.8 billion dollars over the past 10 years, invoice discounting has gone from 2 billion to 30 billion over the same period. And while Oxford Funding has benefited from that latter growth and is one of the fastest expanding operators in the industry, this new product will ensure we maintain our rapid growth strategy.

‘We know there’s a lot of frustration out there with the way the major banks hit their customers with fixed and floating charges, unlimited personal guarantees and no access to the credit team. These are among the things we’re putting right.

‘It’s a matter of keeping up our growth by always moving at the right time with the right product as markets change and new opportunities emerge.’ Lamers said.

ENDS

Contact Oxford Funding on 1800 850 509 or www.oxfordfunding.com.au
More media information: Rob Lamers (03) 8414 7600

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