What to do when the bank says no?

If the bank says no and declines your application for a loan or extended bank overdraft there are often good reasons. However the reasons are often due to the banks own risk policy and not necessarily based on the quality of your business. The banks policy is to provide loans and overdrafts where they have sufficient equity in PROPERTY.

If the directors of your company for the business itself has no property assets, then it is high likely the bank will decline extensions on credit lines and bank overdrafts.


is that your business may well succeed in gaining extra credit by using Invoices as a form of security. Invoice Funders uses these invoices to support extending credit to your company enabling quicker cash-flow and faster business growth. Cash flow is always a challenge when business turns down for various reasons or for new or expanding business. Your staff will need to get paid on time but your customers will often only pay you in 30 days or longer.

Invoice Funders can give you the specialist support your business needs. We bridge that cash flow gap by ensuring you get funds at 85% of your outstanding invoices immediately, with the remaining 15% less our fee paid to you when your clients pay.

Invoice Funder’s invoice factoring can give your business up to 85% of cash from unpaid invoices. For example, if you are owed $10,000 for providing temporary staff to a customer, we can lend you the full $8,500, usually within 24 hours.

With spot factoring we can relieve the stress of the day-to-day running of your business, giving you more time to grow your business instead of chasing unpaid invoices. A big benefit is that we work alongside your bank and do not get in the way of existing bank security or bank overdraft facilities.

By using Invoice Funders you will be partnering with an independent finance provider with years of experience offering invoice funding solutions to New Zealand business. We believe in building close working relationships with all of our clients, after all, we’re not a distant bank or dodgy financier… We are in there with you.. Making a difference.

In addition to working with a company that has a strong focus on integrity and professionalism, you will benefit from our competitive rates. We keep our costs low so that you get the most cash possible

Why you should use Invoice Funders

  • Less frustration with customers paying you late.
  • No knock-on effect causing you to delay payments to your temporary staff
  • You can stop wasting time chasing payments
  • There is less of an impact on business cash-flow as a result of late payments

If you would like further information about how our flexible recruitment factoring solutions can help your business, please call us on 87 65 5841.

62% of customers already approached their bank and have been frustrated with the time delays, lack of understanding or have been declined. Invoice Funding in New Zealand supports over $800M of business annually!

How invoice funding works:

  • You produce invoices in your usual manner and send us a copy of your invoice when you require funding.
  • We will then pay you the agreed upon percentage of the invoice, up to 85%.
  • You tell us how much cash you need, and we will transfer the money directly into your bank account.
  • Once your customers pay us the 15% balance will be made available to you less our fee.

Why deal with Invoice Funders?

If you are frustrated with your bank and need a more personable and individualised approach to your business, then you should talk to Invoice Funders about recruitment agency factoring.

As industry leaders we specialise in providing solutions to recruitment agencies, and our open and honest approach will give you the confidence to grow your business As independent operators we offer simple and flexible solutions that really work, and are proud of our strong portfolio of satisfied customers. If you would like to talk about how we can help then call us on 87 65 5841.