Provident Inventory Finance

How Provident Inventory Finance works

Inventory Finance provides businesses with finance for the acquisition of stock for manufacturing or resale to their customers. Our clients are typically profitable, well established, have current financials and annual sales turnover of $3m or more.

Provident Inventory Finance clients include manufacturers, wholesalers and retailers who purchase stock from Australian or overseas suppliers. Finance is available for most new stock, ranging from raw materials and work in progress to finished goods.

What makes Provident Inventory Finance unique is that the stock to be financed does not have to be pre-sold, invoiced and delivered. Additionally, clients are not required to provide real estate security.

Provident Inventory Finance offers approved clients:

A revolving line of credit with facility limits ranging from $400,000 to $3.0m. Individual draw downs from $100,000 and for terms ranging from 30 to 120 days. Funding is available inclusive of freight, customs and import duties and custom agent fees, where suitably invoiced.

Additional term extensions are available to match the repayment to your needs on slower moving stock. The ability to finance all types of stock, ranging from raw materials to finished goods. No repayments until the conclusion of your nominated term. Clear and transparent pricing, with no annual line fees, account keeping fees or audit fees. Simple credit criteria and quick approvals. A team of dedicated Client Managers.

Grow Your Business and Profits. Start planning for greater growth and flexibility to expand your business, without the reliance on equity in property or restrictive traditional finance facilities.

Improve Your Working Capital. Have the flexibility to purchase stock and make repayments that match your cashflows, with certainty of payment dates and cost.

Expand Your Customer Base. Accept orders from new customers and stop missing out on profitable sales and orders because of the short term need to exceed your available working capital and traditional funding lines.

Accept Seasonal Orders. Smooth out your cashflow, eliminating the impact of peak seasonal needs.

Increase Your Purchasing Power. Harness the additional purchasing power of Inventory Finance and let your business achieve its potential.

Bulk Discounts. Obtain bulk discounts on wholesale purchases from your suppliers, by ordering in larger quantities.

Utilise Extended Payment Terms. Take advantage of our extensions on seasonal purchases and display stock.

Pay When Sold. Have immediate title to your stock and pay for it in line with your normal inventory turnover.

To apply, simply call us on phone. We will arrange a meeting at your business, at a time convenient to you.

In order to understand how inventory finance will profit your business, Provident Inventory Finance will endeavour to gain an overall understanding of your business. More specifically, we will discuss with you the stock purchases for which you require the finance, in order to determine the net benefit to you.

Once approved, you will be provided with an evergreen line of credit facility. When the facility is in place, you are free to make drawdowns to pay your supplier's invoices as and when you require, up to your approved credit limit.

To make a payment to a supplier's account and receive your stock, you simply complete a one page Drawdown Request and provide us with your supplier's invoice. We will then make the payment direct to your supplier's account.

You have immediate title to your stock, and are free to transact on it as you wish. The full repayment including any charges due is made at the end of your nominated term. With terms ranging from 30 to 120 days, and extensions available, we have a facility that suits your business needs.

About Provident Inventory Finance

Provident Inventory Finance Limited is a member of the successful Provident Capital Group of companies. Established in 1990 and wholly Australian owned, the Provident Capital Group manages a portfolio of AUD$250m.

Provident Inventory Finance is a specialist lender providing revolving lines of credit to Australian businesses, facilitating their acquisition of inventory. Funding is provided on flexible terms to suit clients for amounts up to AUD$3m. Provident Inventory Finance assists businesses that have an opportunity to grow through purchasing additional stock and need working capital to do so.

Inventory Finance provides cashflow solutions that cannot be met by traditional banking facilities, factoring or invoice discounting. Provident Inventory Finance provides the necessary expertise to assist each client, ensuring a beneficial long term relationship.

Provident Capital Limited and Provident Inventory Finance Limited are associated companies under the Corporations Act 2001.