FAQs

Inventory finance is a commercial credit facility provided to businesses to acquire stock for sale.

Inventory financing can be used to purchase goods which are ready to be sold and to purchase materials and supplies to produce goods.

A line of credit is a commercial finance product which provides funding to business over a short term or an unspecified timeframe. Businesses can use the amount they require and usually repay the funds as suits cash flow. Interest is charged only the funds used.

Yes. Funding in Australia can be sourced to pay international suppliers for products for inventory.

Interest and lender fees and charges on overdrafts and lines of credit should be tax deductions.

The term of a line of credit may be unspecified or specified. The balance can be reduced over a time to suit the business with the entire amount to be finalised by the end of the agreed term.

Inventory finance is typically arranged over a short term. The term is negotiated with the lender to suit the purchase and resale timing of the business. Lines of credit and overdraft can be approved on an ongoing or revolving basis.

Yes. Many lenders will approve a line of credit to fund materials and supplies.

Where funding is provided for a shipment of goods to be sold, typically those goods can be used as the collateral for the finance.

Approval times for commercial finance applications can vary with lenders. Some brokers and lenders can get approvals in 24 hours.