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James Mitchell
intouch Finance has announced it will offer its own debtor finance product.
intouch founder and chief executive Paul Ryan said it is time Australian business owners were given better financial options which will help them realise their business objectives and vision.
“Anyone who owns their own business, no matter how big or small, knows the challenge of maintaining cash flow,” he said.
“I’m determined to provide an alternative, particularly when the big banks don’t seem all that interested in servicing this sector.”
The debtor finance facility will provide up to 80 per cent of the business’s existing ledger without the need for real estate security.
