Debt Factoring

How does it work

Just say you have just invoiced a client for a $2,000 job.  After the invoice amount is approved by your client as payable by them (and not in dispute), you then present your invoice to Fast Cash Loans for payment.

We will then pay you 80% of the invoice amount.  When the invoice is paid to us by your client, we will then give you the balance of the invoice amount less our fees and charges.

How do I apply

1. Call us for an initial loan appraisal which can usually be given over the phone. (click here for our contact details)

2. Download the application form below.  Complete the form and return to us. (click here to download your form)

3. If approved, we will send you a Pre-Contractual Statement with all the details of the loan offer.

4. If you wish to proceed, we will draw the loan contact documents for you to sign and your loan can be advanced.  This process should generally only take 48 hours.

 Fees & charges

The interest rate charged will depend on the security provided and the quality of your client base.  So please give us a call or email us to discuss the rates.

The rate is based on a minimum of 30 days.  After that period, interest is charged on a daily rate, so it is important that you make sure your invoice payments are followed up regularly.

You will be charged an application fee of 5% of your projected amount of invoices that you would like to factor.