Frequently asked questions
Ask us anything, we’re here to assist. If you can’t find an answer to your question here, please contact us.
ABL Finance
No. You can keep your current banking arrangements in place. The only change will be the banking details you provide at the bottom of the invoices you send out to your customers. These details will be an ABL Corp bank account to which your customers will pay into. They will not be aware that it is an ABL Corp bank account.
No. ABL Corp will only be providing bookkeeping services as a condition of the funding facility. Your current accountant can still look after all your taxation returns.
- Traditional term loans provide one lump sum of cash when the loan is issued, and the rest of the loan term is spent paying off the principal and interest. With asset based loans, different amounts of money can be regularly borrowed and paid back repeatedly over the life of the loan arrangement.
- Term loans usually have a set amount that must be paid back each month, for a set number of months. With an asset based loan, the payments can vary depending on how much money the business collects from sales or receivable payments.
- In setting up a traditional loan, the bank looks primarily at cash flow and credit ratings to determine whether a business qualifies for a loan, or how much money they can borrow. With an asset based loan, ABL Corp looks primarily at the value of the business’s assets, and factors such as credit scores are not weighted as heavily.
There are two primary differences between asset based loans and factoring.
- Factoring deals only with receivables, while asset based loans can be based on both receivables and physical assets.
- Factoring involves the transfer of ownership. Your invoices are sold to the factoring company, which then owns the receivables and collects the money from your customers. With a loan, you retain ownership of the receivables and any other assets that are used as collateral.
- An initial upfront fee of $1,500 to conduct the initial review,
- Legal costs for loan document preparation of generally $1,500 – $2,500 depending on the business structure, and
- Independent valuation fees on business assets which is dependent on the location and number of items to be valued.
ANNUAL TURNOVER
$0 – $1,000,000
Facility Fee(exc GST)
7.00%
ANNUAL TURNOVER
$1,000,0001 – $1,500,000
Facility Fee(exc GST)
6.00%
ANNUAL TURNOVER
$1,500,001 – $2,500,000
Facility Fee(exc GST)
5.00%
ANNUAL TURNOVER
$2,500,001 – $3,500,000
Facility Fee(exc GST)
4.50%
ANNUAL TURNOVER
$3,500,001 – $5,000,000
Facility Fee(exc GST)
4.00%
For additional short-term advances, that may be required from time to time based on inventory and fixed asset LVRs, interest is calculated at 1.5% per month of the outstanding advance balance and applied to the RLOC. Principal reductions for advances are made from deductions from the monthly retention balance from the Line of Credit.
Usually, it takes 5-10 business days between the day you apply for your asset based loan and the time that the first funds are issued. Once the loan arrangement is established, further cash advances can be funded on your invoicing days.
A bank account (called a segmented account) is set up to receive the payment of your customer invoices. Any amount that is paid off frees up room within the credit limit, allowing you to borrow more money if needed. This way, you have a great deal of control over exactly how much you have borrowed and how quickly it is paid off.
Because asset based loans are so customisable, it is difficult to specify the exact minimum conditions required to qualify for a loan. However, in saying that, an absolute minimum your business will need is to trade on a business-to-business basis offering terms to your customers, i.e. it must have a debtors or accounts receivable balance.
ABL Advisors
Initially, we obtain an understanding of your financial pain points and then we work with you to identify what services you require. Cloud-based software allows us to access your accounting file remotely. This means that we can have a team of accounting experts working on your file providing accurate, timely and consistent accounting services. We will identify your specific reporting requirements to be delivered as part of your offshore team’s operating model. We will work closely with you and your team to build any custom reporting requirements. Whether you want a daily call with the team or a weekly scorecard report, the team will work to the beat of your drum.
You may need help in just one area, or the full finance spectrum. Simply give us a call on 1800 773 643. Within 48 hours one of our senior specialists will get back to you to discuss how ABL Advisors can work for you.
By implementing best-practice finance procedures, software and processes, ABL Advisors can help your business achieve its strategic goals.
We partner with SMEs in all industries. As experienced Commercial Accountants our skills are transferable to any industry. All of our CFOs have unique experiences and cover many industries.
ABL Advisors has offices in Brisbane, THE Gold Coast, Sunshine Coast and Delhi India. Our team in India enjoys state-of-the-art office space in the business district of Noida. Our team in Australia is often located in our clients’ offices which are far and wide. ABL Advisors Delhi site is fully managed by our Director in India with the assistance of the team in Australia.
Our CFOs are located up and down the eastern seaboard of Australia.
ABL Technology
We cover a large range of IT services, including:
- Remote telephone and onsite support
- Computer hardware repair and upgrades
- Software installation and configuration
- Network setup and maintenance
- Voice telephony services
- Data backup and recovery
- Website and server hosting
- Cybersecurity solutions
- Cloud computing and automation
- IT strategy and consultancy
Yes, we offer onsite support services throughout Australia, including rural locations. 99% of IT problems can be resolved remotely but if a problem is taking longer than 2 hours to resolve we will despatch a highly skilled IT technician to fix the problem at your office or home. Onsite support and travel time is charged per hour, and rates can vary by location and response time.
Our remote support response times are guaranteed at 2 hours for all high severity level support requests, during our business support hours of 8am to 8pm, Monday to Friday, excluding some Australian National Public Holidays. Emergency 24 hour support is available upon request.
Yes, our service is built upon Microsoft Office 365, and we take cover of the migration. Office 365 is a very reliable and secure infrastructure which ensures your business operates optimally.
Yes, we can support Apple hardware, including Macs, iPhone and iPad. We understand that some clients have a personal preference for the hardware they work on. Most of our support software and support services can easily accommodate Apple hardware. The only exception is if you require Essentials 8 security. Under the E8 security module you’ll need to be able to login to the Microsoft Azure infrastructure and a Windows Professional operating system will be necessary.
We don’t access your private data unless you expressly grant permission. Our support does require administrative privileges to your computer system, however this is completely separate to your personal login, profile and email. We operate ethically and will never access your private information without your knowledge, unless you or the business owner has requested us to do so in writing via our ticketing system. We also don’t monitor internet activity and if you wish, we can lockdown remote support requests by invitation only.
Yes, we prioritise the security of all your computer hardware. At the basic support level, we include multi-factor authentication, antivirus software, data breach logging, remote monitoring, regular updates, firewall protection, and backup. Additionally for enterprise level protection, we can provide data encryption, security awareness training and testing, vulnerability assessments and Essential 8 Security Model implementation services.
Essentials 8 is a cybersecurity framework developed by the Australian Cyber Security Centre (ACSC). It consists of eight essential mitigation strategies designed to help organizations protect their systems against various cyber threats. The strategies are divided into three categories: prevention, limitation, and recovery. These include application whitelisting, patching applications and operating systems, restricting administrative privileges, multi-factor authentication, and regular backups, among others. Implementing these measures can significantly reduce the risk of cyberattacks and improve overall security posture.
Securtity and Ethics
Yes. ABL Corp’s systems utilise a secure server accessed via Microsoft Azure, which offers robust, enterprise-level security that ensures your business information is protected at all times. If you’d like more information you can find a link to our Privacy Policy document at the bottom of any page on our website or call us.
Yes. We utilise Microsoft Azure data centres located in Australia. All staff including overseas staff host a virtual desktop from the data centre located in Australia. No client data is sent overseas, including emails, scans and printed documents. Access to cloud resources are also located down to this virtual desktop.
Yes. Our IT Infrastructure has been locked down to Essentials 8 Maturity Level 2. The ASD’s Australian Cyber Security Centre (ACSC) provides a model of mitigation strategies for organisations to follow called the Essentials Eight Maturity Model. ABL Corp has implemented all the government’s recommended security best practices listed in E8 Maturity Level 2.
