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“For too long, clients who have sought advice on their financing needs, have relied on poorly qualified and often ‘biased’ finance advice due to the lack of perceived professional options available to them.”


Cash Flow - The lifeblood of any business

Factoring or Accounts Receivable financing has been around for many years, but is it right for your business?

What is Factoring?

Factoring is a flexible way of improving cash flow, for most business types.  Advances can be as high as 90% of outstanding invoices less than 90 to 120 days old. The facility cost is normally up to 3% over base rate for the money borrowed, together with a service charge linked to gross turnover of at least 0.5%, depending upon your business profile.

Some 'Factors' offer bad debt protection as part of the package (known as "non recourse factoring") so if a credit approved customer fails to pay an undisputed debt, the factor will credit you with the amount of the debt up to the agreed credit limit. This service normally increases the service charge by around 0.5%.

What is confidential invoice discounting?

Confidential invoice discounting provides funding against invoices but is undisclosed to your customers and leaves credit management in your hands. As a result, it is very cost effective.

Unlike factoring, the discounters don't have direct control over their security (the invoices) and therefore prefer to provide facilities to well-established businesses with good systems, strong balance sheet and profit track record.

The cost is normally up to 2.5% over base rate for the money borrowed, together with a service charge linked to gross turnover

Features & benefits

·        Factoring or cashflow financing gives a business the resources to grow and compete, with predictable cashflow, in todays business environment .

·        Cash, normally tied up in accounts receivable, is released back into the business within 24-48 hours, therefore growth can be facilitated in a number of ways. Company principals are freed to concentrate on production and marketing of the products and services. Overheads in account administration and collection are reduced

·        Creditworthiness is enhanced & the business can take advantage of discounts offered for early payment to their creditors

·        Funds are available to take advantage of seasonal bulk buying opportunities, and to purchase or upgrade equipment

·        Confidence in future planning is enhanced as cash flow is more predictable

·        Cash is available in reserve to fund large orders, increase production, and sales

·        Generate increased profits due to greater  market penetration

·        A higher level of credit management is possible, as the business is provided with up to date information on the performance of its debtors. With the professional approach to receivables management, the levels of bad debt can be significantly reduced.

Also, there are no monthly repayments to be made.

Cost savings can also be achieved with:

·        Accounting management, credit control and administration. No discounts need to be given for early payment by debtors.

·        Management time can be devoted to running the business.

·        Discounts from suppliers for early or prompt payment.

·        Fewer Bad Debts.

For further information, just call AMF on 1300 72 86 96 for an obligation free discussion on your business cashflow options.