Your ticket to working capital

Most business owners will have experienced the frustration of delayed invoice payments. Apricity Finance’s flexible invoice finance facility ends that frustration, once and for all.

Waiting 30, 60, even 90 days for invoices to be paid can be incredibly painful for small and medium size businesses. But now there is Apricity Finance invoice finance – a facility that frees up working capital and gives businesses access to their own funds, faster.

Invoice finance is a fair, flexible solution for business owners wanting to stay on top of their cashflow – a form of short-term term borrowing extended by a lender to its business customers based on unpaid invoices. Apricity finances up to 95 percent of approved invoices upfront, giving businesses access to their own funds faster. 

The benefits for SMEs to use an Apricity Finance invoice facility are compelling – including better cashflow, less risk, more flexibility, business growth support and a relationship that provides access to decision-makers. Invoice finance can solve problems associated with slow-paying customers as well as difficulties obtaining other types of business credit.

Covid-19 disrupted Kiwi businesses significantly in 2020, despite the Government’s assistance packages. This, unsurprisingly, resulted in a strong decline in revenue and profitability for many businesses and increased demand for finance and funding.

However, access to finance remains a challenge. Bank lending has tightened and businesses are reluctant to take on more debt. Apricity Finance has noticed that businesses with access to working capital and regular cashflow are the ones who have remained solvent and profitable.

Its invoice finance product has an important role to play in this success.

Apricity Finance assists a broad range of industries – from food growers, distributors, wholesalers, logistics operators and labour hirers, to transport companies, telecommunications and mining suppliers. Its invoice finance product was also developed to meet the specific needs of growth for SMEs supplying goods or services to large business or government agencies. 

A focus on growth

Apricity Finance’s focus is to help businesses grow and meet their obligations by closing the gap between the time they invoice customers and when they receive payment.

Businesses requiring invoice finance may be:

• Pitching for, or winning, new contracts;
• Taking on more employees, hiring or purchasing new stock or equipment;
• Looking to create cashflow certainty while waiting for invoices to be paid;
• Seeking a solution outside the constraints of traditional lenders;
• Managing tax and payroll obligations.

With Apricity Finance’s invoice finance you can:

• Choose which invoices you’d like paid and what percentage you’d like funded;
• Use the service as little or as much as you want, at a time that’s right for your business;
• There’s no additional on-call charge, hidden clauses or fine print. Simply pay when you use it.

Flexible solutions

With banks tightening traditional business lending, Apricity Finance invoice finance is an attractive option because in most instances, the only security required are the invoices themselves.

Remember, other providers will want to fund all your invoices, which means paying interest on your entire accounts receivable. With most banks, flexibility comes at a price. Generally, the greater the flexibility, the higher your interest payments.

In comparison, flexibility is central to Apricity Finance’s offering. Their service allows you to choose which invoices to fund, at what time, and what percentage. 

Apricity Finance takes pride in being a “boutique amongst giants”. The company takes a personalised approach built on great relationships, which is considered rare in the industry.

And clients know that their needs will always come first.

To learn more click here.