Funding deep dive
Indicative funding terms
Stabilised structures senior secured working capital facilities backed by receivables, contracted income, assets, or government entitlements.
Every facility is tailored to the borrower, but the following outlines the typical commercial parameters across our funding products.
Facility size
Typical facilities range from:
$500,000 to $15,000,000+
Depending on:
Value of receivables or contracted income
equipment assets or inventory
government entitlements (e.g. R&D rebates)
scale and quality of underlying cashflows
For example, an early settlement receivables facility may support up to $15M in revolving funding for supplier payments.
Advance rates
We structure funding against the value of eligible assets or cashflows.
Typical advance rates include:
R&D
Up to 90% of R&D tax rebate entitlements once verified by an R&D adviser.
Equipment
Up to 100% of equipment purchase cost in asset-backed rental facilities.
Receivables
Up to 100% of eligible receivables in early settlement or instalment receivable portfolios (less fees).
Borrowing capacity is typically calculated using a borrowing base formula that reflects receivable quality, asset value, and concentration limits.
Facility structure
We provide several structured funding solutions.
Receivables & early settlement facilities
Revolving credit lines
Borrowing base secured by eligible receivables
Daily or periodic drawdowns
Typical terms up to 36 months
Used for:
Supplier early payment
Instalment receivables
Payment plan financing
Asset-backed equipment facilities
Line of credit for equipment acquisition
Each drawn becomes a 48-month amortising loan
Borrowing base supported by equipment value and rental income
Used for:
Rental fleets
Medical or specialised equipment
Revenue-generating assets
R&D tax incentive finance
Advance against expected ATO R&D rebate
Repayment when rebate is received
Advance rate up to 90% of anticipated rebate
Used for:
Technology companies
Life sciences
Product development programs
Contracted revenue loans
Fixed-term loans secured against future settlement proceeds or trust funds
Repayment aligned with contracted payment events
Used for:
Events and ticketing
Large contracted projects
Milestone-based revenue
Pricing
Typical ranges include:
1.75% per month on equipment financing facilities.
1.9% per month on receivables-backed revolving credit lines.
Fixed facility fees and establishment fees depending on transaction structure.
Pricing depends on the structure and risk profile of the underlying asset.
Pricing reflects:
Asset quality
Portfolio diversification
Borrower financial strength
Facility size and duration
Security
Security may include:
Assignment of receivables
PPSA security over assets
Assignment of contracted proceeds
Control over collection accounts
Guarantees where appropriate
All facilities are senior secured.
For example, R&D financing requires first-ranking security over the R&D tax rebate and borrower assets.
Reporting and covenants
Borrowers typically provide:
Periodic management accounts
Borrowing base reports (where applicable)
Access to relevant accounting systems
Performance reporting on receivables or assets
Receivables facilities may require weekly borrowing base reporting and portfolio monitoring.
Repayment
Repayment structures align with the underlying cashflow.
Examples include:
Repayment when ATO R&D rebate is received
Monthly amortisation for equipment loans
Repayment from receivables collections or settlement proceeds
Facilities are typically self-liquidating — meaning the financed asset repays the loan.
Minimum requirements
We typically work with businesses that:
Generate predictable revenue
Have identifiable receivables or contracted income
Require $500k in working capital
Can provide appropriate reporting and transparency
Next steps
If your business has receivables, contracted revenue, equipment assets, or government entitlements, we can structure capital around them.