Indigenous Business Australia IBA Invoice Funding

Indigenous businesses can access get invoice funding and cash flow based on the value of credit sales or major contracts through the Indigenous Business Australia IBA Invoice Funding program.

Who is this for?

Invoice finance is best suited to established businesses:

with at least 50% Indigenous ownership
with a minimum of two years profitable trading
with minimum annual credit sales of $500,000
that can demonstrate sound accounting processes and reporting
that experience seasonal sales
that are growing rapidly
that are smaller or undercapitalised
that operate in markets where debtor terms exceed supplier terms
whose owners lack the security to access bank finance.

How does this work?

Once you deliver your products or services, you invoice the buyer. On a regular basis, you send your updated aged debtors ledger to IBA and we purchase all eligible new invoices. Rather than wait 60 to 90 days for your buyer to pay, you are able to request up to 80% of the value of the eligible invoices bought by IBA within 24 hours of IBA purchasing them.

When the buyer pays, you get the remaining 20% less any fees and interest

What does it cost?

The fees and charges include:

small establishment fee to cover the cost of setting up the facility
management fee charged as a small percentage of the value of the invoices that IBA buys from you
interest rate payable on funds drawn is equivalent to the Reserve Bank’s official cash rate plus a risk margin based on IBA’s credit assessment

Other IBA assistance

As well as a number of different funding options, IBA also offers eligible businesses access to a range of free workshops and other business support. This includes Start-up loans and Business Loans

Learn More

To learn more about the IBA Invoice Finance click here

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