Forget ‘factoring’ & ‘discounting! Forget ‘receivables’ financing!
Discover the unique benefits of ‘Fee Funding’
What is Fee Funding?
Managing cash flow is critical for any business, irrespective of the economic cycle. In addition, important people resources are distracted from core business activity sorting debtor management issues.
With Fee Funding, your firm receives 100% of the Tax Invoice being funded and your clients pay by monthly instalments, including interest costs. The funder manages the monthly ‘client instalments’..
Many of your clients would be familiar with this type of service as they would be using ‘insurance premium’ funding.
What are the benefits of Fee Funding?
The upside for your firm is money in the bank within 7 or so business days; enhanced cash flow; no debtor management distractions; and staff allowed to focus on core business activities.
It’s important to recognise that Fee Funding is ‘limited security’ funding, with ‘recourse’ against the professional firm for any client ‘instalment defaults’. ‘Recourse’ is viewed as back-up security for the funder.
As such, the funder will assess applications on the basis that the client, not the professional firm, can repay the loan.
Longevity of accessing Fee Funding is about building a relationship with the funder, plus professional firms ensuring their clients have a healthy attitude towards meeting their repayment obligations.
Funders will typically approve an initial ‘funding cap’ for the professional firm and work to increase this ‘cap’ as a successful relationship develops.
There are several prudent steps that can be adopted to ensure continuity of your Fee Funding facility. Our ‘Welcome’ email, after sign-up, will provide additional information or you can chat with us at any stage.
Also click here for helpful hints on debtor management.
Next steps
There is no cost to your firm to establish a Fee Funding facility. To proceed, click here to access & complete the online Enquiry Form.
Based on the information provided, we’ll be able to assess which funder can best respond to your needs and we’ll contact you to discuss.
Our clients
We enjoy looking after our clients & we reward client loyalty.
In addition to being in the ‘pool’ for random selection to receive Coles Gift Cards, we also agree to share income based on usage levels.
Participation starts where fees funded exceed $100K per financial year. Once your firm exceeds that level, we’ll be in touch.
About Fee Funding Australia Pty Ltd (ABN 22 127 779 006) (‘FFA’)
Whilst FFA’s origins date back to the early 2000’s, our recent launch results in the coming together of several skilled executives in fee funding and consolidation of activities & client relationships under one entity.
Kerry Henry, founder of FFA, assisted in the development of ProFee Australia, now owned by Lumley Finance; Tony Ruppas, MD, Audit Services Pty Ltd; and Brent Christie, Lawfund Ltd.
Contact details
Phone: 1300 731 817 Fax: 1300 739 817 Email: fees@feefunding.com.au
Office: Suite 2, Level 7, 541 Kent Street Sydney NSW 2000. Postal: PO Box 20756 World Square NSW 2002.
