Why Is Lending Really Difficult And Factoring Isn’t?

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Why Is Lending Really Difficult And Factoring

Isn’t?By: Trade Debtor Finance Consultants (TDFC)

Sid Goodwin

Business owners have been asking this question a lot lately

Banks showing record profits in a Global Financial Crisis has caused

some anger amongst thebusiness community

The reason for this is simple

Banks are securing up good debt

If you’re a client, who has a few issues then they are not interested,

plain and simple

Banks are undervaluing properties to inflate security, profits and shares

So the traditional lending has become much harder to obtain

So, why not look at Factoring

Larger businesses can cash flow finance their business

And grow without personalsecurity being used

Banks like this product, as they take control of your trading accounts

Which they start moving into your personal accounts as well

In the end, they take controlover everything

That’s when it all starts to go wrong, the moment something bad happens

So move, to non-bank products

Pay a little more, but get control back

These non-bank lenders are not interested in your other products

All they care about is your invoices

By getting control of your trading accounts again, you can again

make a range of decisions

In most circumstances, these companies have some flexibility

to their Factoring product

This is so important in business,as we all know, things change

Factoring is a product thatgrows with your firm

Depending on the type of product chosen, will depend on the level of

involvement the Factoring firmhas in your business

As stated, Factoring is offered by the banks

As it’s Confidential and they like no involvement in your business

However, they request monthly reconciliations, lengthy paperwork

And audits to maintain this facility,as well as seeing your trading

account daily

In which if something goes wrong, they can hold

In the end the decision to pay cheaper prices and go to a bank is up to you

All TDFC can do, is offer you a range of different lenders so you can make

an informative decision

Our quote comes to you at no cost to your firm

It will have very experienced guidance, and will support you for the life

of the loan chosen

For more information contact us on…

Call Us Today 1300 00 8332

Main Office:

1300 00 8332

Fax Number:

07 5540 3727

TDFC Mobiles Any Time:0408 058 827 or 0408 711 932

After Hours Consultants: 0416 142 907

Postal AddressPO Box 646,JimboombaQLD 4280

Email: mail@tdfc.com.au