Debtor finance
Bank of Queensland Debtor Finance is a financing product that allows you to maximise your cash flow through borrowing against the outstanding value of your trade debtors. This product is suitable for businesses experiencing rapid growth that sell goods or services on credit terms but have restricted liquidity.
Features and benefits
- available for businesses with an annual turnover of $600,000 or more, which sell goods or services to other businesses on credit terms
- we also offer confidential Debtor Finance to eligible customers, where you control the collection of debtor payments and the Bank's facility is not disclosed to your debtors
- can be used to meet your ongoing working capital requirements, assist in reducing administration costs, balance your business cash flow at critical times of the year and even help you take advantage of supplier discounts
- no property required as security - allows you to utilise your property for other investment purposes
- unlocks liquidity tied up in debtors - instead of waiting 30, 60 or 90 days for your debtors to pay, Bank of Queensland Debtor Finance provides you access of up to 80% of the value of your outstanding debtors.
Interest rates
Cashflow Finance base rate (11.40% p.a.)*
*customer margin may apply. This information is for general information purposes only. These rates are subject to change at any time. Details of our current rates may be obtained at any branch of Bank of Queensland, or contact us at our Customer Contact Centre.
Fees and charges
Application fee may apply.
A service charge is applicable.
Fees and charges are payable on lending products. Normal credit assessment criteria apply. Full terms and conditions are available at any branch of Bank of Queensland.
Drop into one of our convenient locations or contact the Debtor Finance Operations Centre on 1800 174 911.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Business Lending Supplementary Terms and Conditions
- Business Banking Guide to fees and Charges
Download the flyer
Information current as at May 16, 2008.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.