Unlock your cash flow with factoring

Don't let unpaid invoices slow down your business growth. Discover how factoring can provide the immediate cash injection you need.

What is factoring and how can it help your business?

One of the biggest challenges facing growing businesses is the delay between completing a job and receiving payment. While your business may be profitable on paper, waiting 30, 60 or even 90 days for customers to pay can place significant pressure on cash flow.

Factoring is a proven finance solution that allows businesses to unlock the value of their unpaid invoices almost immediately. Instead of waiting for customers to pay, a factoring provider advances most of the invoice value within 24 to 48 hours, giving your business access to the cash it has already earned.

Unlike a traditional business loan, factoring is secured against your accounts receivable rather than property or other business assets. As your sales grow, the amount of funding available generally grows with them, making factoring an excellent solution for businesses that are expanding or experiencing seasonal demand.

At Canterbury Business Finance, we help businesses throughout New Zealand find competitive factoring solutions.

Who benefits most from factoring?

Factoring is particularly suitable for businesses that sell products or services to other businesses on credit terms. Industries commonly using factoring include:

  • Manufacturing
  • Construction
  • Transport and logistics
  • Wholesale distribution
  • Recruitment
  • Engineering
  • Agriculture
  • Professional services
  • Labour hire
  • Printing and packaging
  • Importers and exporters

Businesses experiencing rapid growth or long customer payment terms often gain the greatest benefit from factoring.

Common uses for factoring:

Businesses use factoring to improve working capital and support ongoing growth. Common uses include:

  • Paying wages and salaries
  • Purchasing inventory
  • Funding new contracts
  • Managing seasonal fluctuations
  • Covering operating expenses
  • Investing in equipment
  • Supporting business expansion
  • Improving cash flow stability
  • Reducing reliance on overdrafts

Rather than borrowing against future income, factoring unlocks funds already earned through completed sales.

Why choose Canterbury Business Finance for factoring?

Choosing the right factoring provider can make a significant difference to both cost and service. Every lender has different approval criteria, pricing structures, advance rates, and industry preferences.

At Canterbury Business Finance, we work with a broad network of commercial finance providers to identify the most suitable factoring solution for your business. We can help by:

  • Comparing multiple lenders
  • Negotiating competitive pricing
  • Explaining different facility structures
  • Assisting with applications and documentation
  • Managing the approval process
  • Providing ongoing support as your business grows

Our role is to simplify the process while ensuring your finance solution aligns with your long-term business goals.

Ready to improve your cash flow?

Contact Canterbury Business Finance today to discuss how factoring can benefit your business.