There are many business lending options out there including fixed term loans, bank overdrafts, invoice finance and more. If you are looking to solve cash flow issues and value flexibility you’ve come to the right place. Waddle is designed to be customer focussed with friendly terms, world-first automation and fair pricing.
How Waddle saves you time
| Waddle | Traditional invoice finance |
|---|---|
| Waddle talks to your accounting software so you’ll never have to send us an invoice | You will be required to export data from your accounting package and upload it to the lender's portal |
| Reconcile as usual with Waddle bank feeds | You will need to manually enter transaction data into both your accounting package and lender portal |
| Loan balance, fees & interest are automatically posted in your accounting package | You will need to calculate your costs via the lender portal and manually enter them into your accounting package |
Flexibility and confidentiality
| Waddle | Traditional invoice finance |
|---|---|
| Partial ledger – Choose which customers you want to fund | Full ledger - Most lenders require all customer invoices |
| Non-disclosed – We do not contact your customers or mark your invoices | Disclosed - Some lenders may contact your customers to verify invoices. Your customer relationships are important |
| No contract or notice period - You are welcome to leave at any time | Lock-in contracts - Circumstances change, so why sign a 12, 24 or 36 month contract with long notice periods? |
Fair and transparent pricing
| Waddle | Traditional invoice finance |
|---|---|
| Draw down rate - Only pay for what you use | Admin/Management/Factor rate - This may look small, but calculated on the face value of every invoice its normally the largest component of your cost. |
| Per annum interest rate | Interest - Make sure you are considering an annualised rate, not a monthly rate. |
| No hidden fees | Watch out for legal fees, purchase fees, audit fees, emergency interest rates, statement fees, GST and other surprises |
| No minimum spend | Most lenders will require a minimum monthly spend regardless of usage |
Management fee vs draw down fee
Adjust the sliders below with your expected turnover and the funding you require to see how the draw down fee compares