FactorONE Invoice Finance

FactorONE Invoice Finance is an Australian financial services provider based in Brisbane, specialising in working capital solutions for small and medium-sized enterprises (SMEs). The entity operates as a dedicated division of ScotPac Business Finance, one of Australia’s largest specialist providers of debtor and trade finance. FactorONE’s core offering revolves around invoice finance, also referred to as debtor finance or factoring, which allows businesses to convert their outstanding accounts receivable into immediate cash flow. This service is designed to alleviate liquidity challenges that often arise from extended payment terms, enabling businesses to maintain operational stability and pursue growth opportunities.

FactorONE serves a diverse client base across various industries, including transport, temporary labour hire, wholesale, manufacturing, printing, mining services, business services, construction, and recruitment. They cater to a spectrum of businesses, from fast-growing startups to more mature SMEs that might not meet the stringent lending criteria of traditional banks. Their model is built on flexibility, offering solutions for financing single invoices, a series of invoices, or an entire sales ledger, without rigid lock-in contracts. This adaptable approach aims to provide businesses with working capital precisely when and how they need it, fostering confidence in managing their financial obligations and funding new projects.

The history of FactorONE is intrinsically linked to Scottish Pacific (now ScotPac), a firm established in 1988 that has grown to fund billions in invoices annually across Australia and New Zealand. FactorONE emerged as a specialist division to expand ScotPac's market reach, notably establishing operations in Western Australia in 2014 under the leadership of Gary Green, previously a national sales director for Bibby Financial Services. The company differentiates itself through its commitment to quick approvals, often processing applications and advancing funds within 24 to 48 hours. This rapid access to capital is a key differentiator, enabling clients to overcome cash flow gaps without risking personal assets.

A distinguishing aspect of FactorONE's service, and invoice finance generally, is that it is not considered a loan, meaning it does not add debt to a company's balance sheet. Instead, businesses essentially sell their invoices at a discount for immediate payment, typically receiving between 75% and 95% of the invoice value upfront. The remaining balance, less agreed-upon fees, is then released once the customer pays the invoice in full directly to the finance provider. FactorONE's approach prioritises understanding the client's business, with a focus on streamlined processes and strong client relationships to deliver tailored financial solutions. This client-centric philosophy, coupled with efficient funding mechanisms, positions FactorONE as a vital partner for Australian SMEs seeking to unlock their working capital and accelerate business growth.