DynamicBusiness.com
Written by Jen Bishop
17 September 2008
Octet Finance has launched Australia’s first business to business
credit card which will provide both unsecured and accelerated working
capital finance for SMEs in both their purchasing and sales cycles.
This follows the successful launch in February 2008 of Octet’s
pioneering business to business credit card facility for imports into
Australia from China and Hong Kong. The major benefit of the Octet
Trading Card is that it enables Australian businesses to fund growth
without putting up personal or business assets as collateral.
Similar to a consumer credit card but with a much higher facility
limit, The Octet Trading Card will allow businesses to reduce the
critical timing gap between their cash outflow from purchases and cash
inflow from sales.
“The Octet Trading Card dynamically assists businesses to
accelerate their cash flow,” says Clive Isenberg, Octet’s managing
director. “This is a fresh approach to providing finance for Australian
businesses. It is unique in that it allows SMEs to both rapidly collect
money that is owed to them by their customers or buyers and provides
them more time to pay their suppliers and sellers. The Trading Card will
allow small businesses in this country to reduce their working capital
cycle, which is often the fault line for many growing businesses,
especially in their establishment phase.”
For further information visit www.octetfinance.com