Debtor financing clears path
Nov 15, 2012 (Menafn - BRW - ABIX via COMTEX) --Debtor financing may be one option for companies that are seeking to finance growth but not large enough yet to secure loans from a bank. The practice, which is also known as invoice discounting or factoring, involves companies receiving loans against their debtors ledger. National Australia Bank is the largest provider of debtor financing, although some of its rivals, including Commonwealth Bank of Australia, avoid the debtor financing sector.
Publication Date: 15 November 2012
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
DISTRIBUTION CENTRAL PTY LTD
WESTPAC BANKING CORPORATION - ASX WBC
BANK OF WESTERN AUSTRALIA LIMITED
INSTITUTE OF FACTORS AND DISCOUNTERS OF AUSTRALIA AND NEW ZEALAND
DUN AND BRADSTREET (AUSTRALIA) PTY LTD
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ
BIBBY FINANCIAL SERVICES AUSTRALIA PTY LTD
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