Prospa provides invoice finance options which help small businesses to recover their invoices immediately. Our invoice finance service has been developed to help and support small businesses recover their funds. Prospa’s InvoiceNOW service provides a cash advance of up to 100% of the unpaid invoice value, transferring the funds to your account within 24 hrs.
There are no hidden fees and the cash advance terms are set over 3 months with a small drawdown fee of 2% and an ongoing weekly interest rate of between 0.5% and 0.85% varying between businesses. We do not impose penalties for early payouts and will waive outstanding interest when you payout your advanced funds ahead of time. Under InvoiceNOW, you only pay when the invoice is cleared.
We have maintained our 9.8 TrustScore and become Australia’s #1 business lender by providing fast, efficient and client focused service to over 12,000 clients. Prospa is the small business lender that will help your business grow and succeed.
Our InvoiceNOW service offers easy and cashflow friendly repayment options with 12 weekly repayment automatically deducted from your nominated account to help you avoid missing your payment obligations.
InvoiceNOW is also directly connected with your accounting application making approvals and assessments fast and easy. By viewing your receivables data we are able to make fast and efficient decisions regarding what type of credit ceiling is ideal for your business getting you the funds you need immediately.
We ensure your data is kept safe with bank-level encryption and your information is never shared with third parties.
For more information regarding invoice finance and Prospa’s InvoiceNOW, jump online or contact one of friendly consultants.