Bendigo Bank’s Panel Shop Debtor Finance (formerly Oxford Funding) funds the full value of your insurance and corporate fleet invoices within 24 hours so you can put your cash to immediate and more efficient use.
We’ll even manage the invoice collection for you so you don’t need to spend time and resources to administer payments.
How does it work?
- You fax invoices to Bendigo Debtor Finance, together with supporting documents as required.
- Bendigo Debtor Finance accepts the invoices and pays up to 100% (less a small fee) by EFT to your bank account, usually within 24 hours of initial receipt. A two-hour funds transfer option is available at an extra cost.
- We confirm with you the amount factored via fax or email.
- You mail original invoice copies to our office in pre-paid envelopes supplied by us.
Bendigo Bank’s full suite of business finance solutions includes Equipment Finance and Trade Finance.
To find out more, contact Bill Golding on 0400 108 308, bill.golding@bendigoadelaide.com.au
or visit www.bendigodebtorfinance.com.au/panel-shop-factoring.html.