Whilst Invoice Money's Service, Credit terms and speed were rated well above industry standard, from their recent Introducer Survey. The results have shown that their pricing and brokerage were perceived just above the standard industry level.
Invoice Money hope to clarify their value propositioned on both pricing and brokerage that they bring to the market.
Pricing:
Flat Fee
- Daily flat rate of between 0.05% to 0.25%
- This is a daily rate and there are no time blocks. If the money is borrowed for one day then the client is charged for one day.
- No application fees, no legal fees, no lock in contracts and no notice period
- No minimum monthly fee and no minimum administration fees
Split Fee
- Service fee of between 0.50% to 2.00%
- Interest rate of 8.50% to 12.50%
- No application fees, no legal fees, 3 to 6 month term, 1 month notice period, variable minimum monthly fee between 0 and $500,000 and no minimum administration fee
This applies to - Single Invoice, Selective and Whole of turnover facilities.
Brokerage:
Flat Fee Facilities:
Split the gross income of the introduced facility. Payable in the month following the funded invoice being paid.
Deals 1 & 2: 5%
Deals, 3, 4 & 5: 7.5%
Deals 6+: 10%
For example, a typical $75K facility Invoice Money would pay you as the broker, over $200 per month, every month for the life of the deal.
Split Fee facilities:
Split of the gross service fee income of the introduced facility. Payable in the month following the funded invoice being charged the fee.
Deals 1 & 2: 10.00%
Deals 3, 4 & 5: 12.50%
Deals 6+: 15.00%
For all facilities, Introducers can request application fees to be charged with the whole 100% and then paid as brokerage. Invoice Money also pays signed mandates.
Brokerage is also automatically paid to the introducer on new clients, referred from clients they introduced.
Invoice Money is committed to supporting the Commercial Broker Network that supports them.
Please reach out to Reece directly to discuss.
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