Parramatta, NSW
Invoice finance in Parramatta
Parramatta’s concentration of government departments, health services, universities and large corporates makes it one of the better places in Australia to run a receivables facility, because the debtors are strong even when the payment terms are slow. Contractors, consultancies and service providers billing those organisations on 45 or 60-day terms can advance against each invoice on issue rather than funding the wait themselves.
Business finance in Parramatta
Parramatta is the central business district of Western Sydney and the second commercial centre of the greater Sydney region. Its economy is built on health around Westmead, education, state and federal government offices, professional services and a construction sector kept busy by continuous commercial and residential development. Parramatta Square, the light rail and Metro West have concentrated corporate tenancies into the city core.
How we work with Parramatta businesses
Parramatta is home. Our office is at Level 14, 3 Parramatta Square, and Anthony, Stefan and Kris meet Parramatta clients in person — at our office or at your premises. Documents are handled online where that is easier, and settlements are arranged Australia-wide, but if you would rather sit down and go through the numbers face to face, that is a short walk for most Parramatta businesses.
What is a invoice finance?
Invoice finance is funding advanced against eligible unpaid business invoices, typically 70–90% of the invoice value upfront with the balance (less fees) paid when your customer pays. It uses your receivables as security rather than property.
Invoice finance in Parramatta: the numbers
| Typical amounts | $20,000 – $5,000,000 |
|---|---|
| Term | 1–12 months |
| Indicative rates | 8% – 18% p.a. · rate history |
| Speed | 24–48 hours per invoice once set up |
| Key Parramatta industries | Medical practices · Professional services · Construction · Allied health · Retail |
| Commonly financed here | Business car · IT hardware · Shop fit-out · Ute · Ultrasound machine |
Rates shown are indicative ranges observed across our lender panel for the period stated. They are not an offer or quote. Your rate depends on your business, the lender, the amount, the term and the security offered. The lender makes the final credit decision.
Key terms
What is invoice finance?
Invoice finance (also called debtor finance or receivables finance) advances a percentage of an unpaid invoice’s value now, with the remainder paid when the customer settles, minus the financier’s fees.
Invoice finance vs invoice factoring
Factoring sells the invoice to the financier who collects from your customer; invoice discounting keeps collections with you and is usually confidential. Both are forms of invoice finance.