Earlypay

Ratings

4.5

Overview

Earlypay has been providing finance to businesses to help them grow for 20 years now. A wide range of options is available, like a line of credit, asset and equipment finance, trade finance, foreign exchange and low-doc invoice finance. It is an ASX-listed company (ASX: EPY) and provides credit lines from $50K - $15 million. The funds are approved within 24 hours and are credited within 48 hours.

  • Bank Type

    --

  • Founded

    1985

  • Headquarters

    North Sydney, NSW

  • Industry

    Financial Services

  • Formerly/Predecessor

    --

  • Subsidiaries

    --

Need Home Loan Assistance?

+61

Pros & Cons-Earlypay

Pros

  • Signup Fees.
  • Customer Support.

Cons

  • Strict lending policies.
  • Home Loan for Self-Employed.
  • High Property Value for First Home Buyers.
  • Strict Age Restrictions.

About Earlypay

Equipment financing is one of Earlypay's other essential features. This makes it possible for firms to buy or lease equipment without having to make a sizable up-front payment, such as vehicles, machinery, or technology. To meet the unique needs of each business, Earlypay provides numerous financing solutions, such as hire purchase, leasing, and chattel mortgage.

Features and Benefits of Earlypay

The invoice finance programme offered by Earlypay is one of its primary advantages. Instead of having to wait up to 90 days for their customers to settle their debts, this enables businesses to receive cash for their unpaid invoices within 24 hours. This can give companies the cash flow they require to pay their bills and expand their operations. For firms with lengthy payment terms or seasonal swings in their cash flow, invoice financing is a common choice.

Earlypay provides trade finance options in addition to invoice financing. This entails offering to finance the acquisition of goods or services from international vendors. Businesses that need to pay for large orders in advance or import items may find this to be a useful alternative. With the help of Earlypay's trade finance solutions, companies may access the money they need to pay bills while also minimising their exposure to risky aspects of international trade, such as currency fluctuations.

Overall, Earlypay's solutions have evident advantages. Earlypay helps businesses access cash flow so they can pay bills, make investments in expansion, and seize new possibilities. This can give organisations a competitive edge and aid in their success in a difficult and dynamic commercial climate.

Services Offered by Earlypay

Earlypay offers a range of services to support businesses in managing their cash flow. These include:

  • Finance for invoices: Earlypay's solutions for financing bills enable companies to get paid for unpaid invoices within 24 hours. This can give companies the cash flow they require to pay their bills and expand their operations.
  • Trade finance: Businesses can get funds to pay for goods or services from international suppliers thanks to Earlypay's trade financing solutions. Businesses that need to pay for large orders in advance or import items may find this to be a useful alternative.
  • Equipment financing options from Earlypay enable businesses to lease or purchase equipment without having to make a significant down payment. Due to this, businesses can modernise their equipment or technology while still maintaining their cash flow. Debtor management: To assist businesses in managing their accounts receivable, Earlypay provides debtor management services. To assist businesses in receiving payment on time and lowering their exposure to bad debts, this can include credit checks, invoicing, and collections.
  • Insurance premium financing: Rather than making a sizable upfront payment, businesses can pay their insurance premiums in installments thanks to Earlypay's insurance premium financing options. This can lessen the financial impact of insurance prices and help firms manage their cash flow.

Types of Accounts in Earlypay

Earlypay offers a range of account types to suit the specific needs of each business. These include:

  • Accounts of this type, known as invoice finance accounts, let companies borrow money in exchange for unpaid bills. To meet the unique needs of each organisation, Earlypay provides a variety of invoice financing alternatives, including full-service, selective, and recourse finance.
  • Accounts for trade financing give companies access to money to pay for products or services from international vendors. Earlypay provides a variety of trade finance services.

Australian Military Bank Opening Hours

Day of the Week Opening Hours
Monday 8:30 AM - 5:00 PM
Tuesday 8:30 AM - 5:00 PM
Wednesday 8:30 AM - 5:00 PM
Thursday 8:30 AM - 5:00 PM
Friday 8:30 AM - 5:00 PM
Saturday Closed
Sunday Closed
 

Australian Military Bank Contact Details

Data Information
Bankstown Address 40/17 Kitchener Parade
State New South Wales
City Bankstown
Bankstown Phone Number +61 2 9709 6600
Customer Care Number 1300 140 554
Bank Head Office Address Level 2, 34 Charles St, South Perth, WA 6151

Frequently Asked Questions

How good is Earlypay?

Earlypay is a well-established and reputable financial institution that provides a range of financial solutions to its clients, including invoice finance, supply chain finance, trade finance, and equipment finance. Earlypay has a strong track record of delivering innovative and effective financing solutions to businesses of all sizes across various industries. The company is committed to providing excellent customer service and tailoring solutions to meet the specific needs of its clients.

Who is the owner of Earlypay?

Earlypay is a publicly listed company on the Australian Securities Exchange (ASX) under the ticker symbol EPY. The company has a diverse ownership structure, with various institutional and individual investors holding shares in the company.

How much cash can I withdraw from Earlypay?

Earlypay does not offer cash withdrawals as it is primarily a business finance provider specialising in the invoice, supply chain, trade, and equipment finance. However, suppose you are a business that has taken out a loan or used one of Earlypay’s financing solutions. In that case, the amount you can borrow or access will depend on your individual circumstances and creditworthiness. Earlypay provides tailored solutions to meet the specific needs of its clients and will work with you to find the best financing options for your business.

What is the minimum balance for Earlypay?

Earlypay does not have a minimum balance requirement for its financing solutions. The amount you can borrow or access will depend on your individual circumstances and creditworthiness, and Earlypay provides tailored solutions to meet the specific needs of its clients. However, if you are a business that has taken out a loan or used one of Earlypay’s financing solutions, you will need to make regular payments to repay the loan or finance. The payment schedule and terms will be discussed and agreed upon during the application process.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

Disclaimer:

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