8/13/2023 0 Comments Single invoice factoringFor example, if you have $500k of Eligible Invoices, we can advance up to $400k noramlly and can make temporary exceptions to advance more than that. More relevant is the size of your accounts receivable ledger as we can advance 80% (sometimes 90%) of the value of those outstanding invoices. We aim to advance funding within 24 hours of approving your finance.Įarlypay provides Invoice Factoring facilities from $50k all the way up to $15m so we have the capacity to support businesses of all shapes and sizes. How long will it take to receive funding? If you don't use Xero or MYOB AccountRight it can take a little longer depending on how long it takes to get the information together. If you use one of the compatible online accounting platforms, we aim to let you know within 24 hours if your finance has been approved or not. How long will it take for my finance to be approved? This securely provides financial information that may include invoices, credit notes, bank transactions, payments, profit & loss statement and balance sheet. If you use Xero or MYOB AccountRight, you can streamline the process by connecting your accounting software to Earlypay. Simply click the sign-up button above, complete some basic details to get started and an Earlypay representative will contact you ASAP. Applying for Invoice Factoring with Earlypay is a quick and easy online process.
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