Non-Notification (Confidential) Debtor Finance is a financial solution to your working capital needs. It provides a flexible line of credit linked to your accounts receivable, whilst leaving you to maintain full control of your debtors ledger.
How does Non-Notification Debtor Finance work?
The process is simple.
- An agreement is signed that Oxford will buy both your present and future debts. This results in an initial cash injection of up to 80% of your debtors ledger, into your business.
- When you have raised an invoice for goods you have delivered, or services you have provided, we will pay you up to 80% of the value of that invoice within 24 hours.
- Your customers are not aware of the arrangement.
- When payment is made, you bank it into a trust account, at which time the funds are remitted to Oxford. You are then refunded the remaining 20%, less a small fee.
Audits are normally carried out at agreed periods.
Who is able to qualify for the product?
This product requires that the business must have the following:
- A well established, and clear credit history.
- Excellent management team
- Annual turnover > $1,000,000 and is selling goods (or providing services) to other businesses on credit terms.
- Demonstrated profitable trading over the past 12 months.
- Strong and professional IT systems, supported by the ability to produce monthly management accounts.
- Excellent debtor administration controls in place.
- Debtors are well spread or of a high quality.
- Be a public or private company
The advantages of Non Notification Debtor Finance
- The debtor is unaware of how you are funding your business.
- There is no change in the way you deal with your customers.
- The cost is less than Full Service or Partnership products. However, the audit process is more extensive.
To discuss your business cash flow requirements contact us directly on 1800 850 509 or Enquire Online.