Loandesk.com.au

THIS PODCAST FEATURES: In Podcast #3 Part 1 of the Factoring Series – we talked about the different types and overview of the how each facility worked. This podcasts we will delve into: > How each facility is priced - Spot invoice factoring - Debtor Finance, full and partial facilities - Invoice Discounting – won’t go into depth as it’s not as popular > What type of security is taken over your business (only relating to Factoring), used to be called fixed and floating charges. Now switched over to the Personal Property Security Act, which is extremely broad in nature and is already in action through New Zealand and Canada. Lenders register on the Personal Property Securities Register usually what’s called an ALLPAP (all present and after acquired property). Similar to the old fixed and floating charges. Essentially a new register where every security interest from lenders can be searched easily, with a fully online rego process instead of manual. If lenders don’t register they simply don’t have security.