CFF
Cash Flow
Funding
Funding
CFF Puts you back in control, with access to increased funding and real savings.
Working Capital Funding: a smarter way to fund your business.
Seeking funding smarter than your average business loan? We think it's time for a change. The banks have monopolised business working capital funding for too long. They hold too many Kiwi businesses to ransom by tying up personal assets like family homes and charging comparatively high interest rates and fees. They restrict funds available to fund growth because they place little value in your accounts receivable when calculating the level of funding they allow you, but they persist in securing themselves with regard to those undervalued assets. This unnecessarily restricts your borrowing ability.
So we have created a better way to fund your business. A way that allows you some control over the interest you pay and allows for your funding to increase in synch with your sales.
This is how we do it.
You sell, we fund - it's simple.
We unbundle your bank's security and use your sales to provide you with cash flow funding that's better and cheaper than a standard business loan, you can get easy access to more funds as your business grows. When your business grows so does the value of your accounts receivable, and your CFF funding facility does too, which means you can get on and grow your business, knowing we have your back.
Our Funding Facilities
We offer three main facilities, the core of each is the same; together we use your sales to provide you with funding. Each facility is tailored to fit the most commonly encountered circumstances and each is structured to compete with a bank overdraft or business loan.
How Full Service Funding Facility works
Step 1
Invoice
Raise your invoices and send them to us and we'll take it from there.
Step 2
Receive funding
CFF pays you up to 80% within 24 hours.
Step 3
Managed debtors
We manage your debtors, so you can concentrate on growing your business.
Step 4
Final payment
When your customer pays we'll reconcile and pay you the balance owing.
You (Best practice)
CFF (Estimated range)
Net funds released
80%
0.70%
76.80% - 78.80%
0.50% - 2.50%
20%
100%
1.20% - 3.20%
20%
96.80% - 98.80%
* Indicative funding & timing only. Subject to terms, conditions & payment of invoices.
| Basis | ||
| Indicative Interest Rates | Funds Borrowed | Turnover |
| Best practice interest rate per annum | 10.50% | 8.40% |
| Equivalent flat rate per month | 0.875% | 0.70% |
Our most comprehensive and our most popular facility. You may call it factoring.
Your invoices are assigned to us and we automatically fund to the greatest level possible, up to 80% of the value of your invoices. We promptly deposit the proceeds into your bank account.
The cost of debtor management is included in our fee. We work with you to manage your customers' accounts. We perform tasks such as sending the monthly statements, receipting your payments, reconciling the accounts, following up any customer queries and following up those whose payments are late.
If you wish, provide us access to your Xero account and we'll make your life even simpler.
After we receive payment from your customers we perform a monthly reconciliation of your accounts and make payment to you of the residual amount due. Generally the residual amount equates to: 100% of an invoice's value less the initial percentage we've already paid to you and less any funding and administrative fees.
How Business Funding Facility works
Step 1
Invoice
Raise your invoices and send them to us and we'll take it from there.
Step 2
Funds ready
Up to 80% of your invoiced value is ready for you to use when you like.
Step 3
Managed debtors
Debtor management is optional, but why wouldn't you let CFF just do it.
Step 4
Final payment
When your customer pays we'll reconcile and make the balance due available for you to use.
* Indicative funding & timing only. Subject to terms, conditions & payment of invoices.
| Basis | ||
| Indicative Interest Rates | ||
| Best practice interest rate per annum | ||
| Equivalent flat rate per month | ||
If you have a proven track record and you're seeking a little more flexibility then our Business Funding Facility could become your new BFF.
We have introduced the BFF for clients who don't immediately require the use of the all the funds available to them. Clients who prefer to draw funds when they choose.
To allow for exact cash flow management the level of available funds is readily available via our client portal, via daily emails or sms alerts (txt messages), or via a simple phone call.
Although most clients choose to have us professionally manage their accounts receivable ledger, some who have the necessary structures in place do prefer to do it themselves.
Our client portal provides the functionality for self-managing of accounts receivable.
Do you have your customers complete a "terms & conditions of trade"? You should it protects your business! The more such "secured" customer accounts that you have the lower our charges.
Provide us access to your Xero account and we'll make your life even simpler.
Your new BFF will allow you to reduce the interest cost and fees charged whilst maintaining access to readily available funds. Potentially more funds than your current business loan provider allows you to access.
How Our Backstop Facility works
Step 1
Invoice
The job's done! Raise your invoice and send it to us and we'll take it from there.
Step 2
Receive funding
CFF pays you up to 80% within 24 hours.
Step 3
Concentration risk
Step 4
Final payment
When your customer pays we'll reconcile and pay you the balance owing.
You (Best practice)
CFF (Estimated range)
Net funds released
80%
0%
80%
1.00% - 3.00%
0%
20%
100%
1.70% - 3.70%
1.70% - 3.70%
18.30% - 16.30%
96.30% - 98.30%
* Indicative funding & timing only. Subject to terms, conditions & payment of invoices.
| Basis | ||
| Indicative Interest Rates | Funds Borrowed | Turnover |
| Best practice interest rate per annum | 10.50% | 8.40% |
| Equivalent flat rate per month | 0.875% | 0.70% |
Got a large job and worried about how to make it work?
Our Backstop Facility is perfect if you're in occasional need of working capital funding. We provide you with business continuity security, a large job need not exhaust your financial resources and put your livelihood at risk.
You'll have the peace of mind of knowing that you can fund that large unforeseen job, without having to await bank approval and running the risk of losing the job and future work to a competitor.
Better still our Backstop Facility does not come with any account management fees or line fees. Other business loans do and you are charged even if you don't draw down a cent (these fees can range between 1%-1.8% of your limit).
By putting our Backstop facility in place today, you're ready to accept the next large job without hesitation or compromise.
"The convenience of it. We can go onto the website at any time and just check whether someone’s paid. There’s notifications put on the system on a daily basis of what contact CFF’s had with our customers and the fact that the funds are available when we need them. CFF provides my business with a greater level of funding at really competitive rates."
Brent
"They are Kiwi owned and operated and care about their clients, I really liked that and I felt they were a bit more personable than the others.
CFF’s process is fairly simple, we generate an invoice and a portion of that invoice is funded immediately. The balance of it is paid after our client pays CFF.
Their service, delivery and their products offers far more than a bank does and to be fair it’s at a lesser rate than the banks would be charging.
Great bunch of guys, they’re reliable, they’re prompt."
CFF’s process is fairly simple, we generate an invoice and a portion of that invoice is funded immediately. The balance of it is paid after our client pays CFF.
Their service, delivery and their products offers far more than a bank does and to be fair it’s at a lesser rate than the banks would be charging.
Great bunch of guys, they’re reliable, they’re prompt."
Chris
"Unlike the bank CFF does not require fixed asset or property security. CFF is like a partner to us, one that does not interfere in our business. I have and will recommend CFF to other businesses."
Jason
"The most important thing to me is that they are kiwi-owned and operated, they're really personable, great bunch of guys, reliable, they're prompt, and as I said earlier, I think they're the most trusted partner in my business."
Sharmine
"CFF made it very easy, they came out here and explained everything, exactly what was going to happen. We just signed the papers and away it went and we've never looked back. It's simple, it's easy and it works!"
Peter
"The service that CFF offer is certainly more personable than a bank… CFF is Kiwi owned and operated and they care about their clients."
"Well the good thing is that they provide a number of different facilities which in turn has helped our business stay competitive and expand."
Various Clients
"They actually take a personal interest in the company and because of that we feel that they have our best interests at heart and I think they do. And we’ve been with them for a very long time."
"It's simple, it’s easy and it works!"
Various Clients
"The service and the delivery and their products offer far more than a bank does and to be fair it is at a lesser rate the banks would be charging."
"We told them about our problem of importing goods and then waiting, and they said they could help with that and they did."
Various Clients
"Well we want to offer our customers extended credit terms to help them and their cash flow and so this allowed us to bridge the gap. We can pay our bills and give our customers extended credit."
"The advantage of CFF is that the money is readily available, it gives us the flexibility to use that money."
Various Clients
"CFF provides my business with a greater level of funding at really competitive rates."
"CFF's process is fairly simple, so we generate an invoice to a client and a portion of that invoice is funded immediately and the balance of it is paid after the client pays CFF."
Various Clients
