When will the product launch?
We’re aiming to fully launch Stream Working Capital early next year. We want to create the best possible customer experience for this product. You can stay in the loop by registering your interest.
What is Stream Working Capital?
A digital working capital finance solution that gives businesses that sell on credit terms access to funds sized and secured by invoices. Funding is up to 80% of the value of outstanding invoices.
Is financing secured by invoices a new service?
No, financing secured by invoices isn’t new – it’s an established and well accepted form of cash flow management that’s widely used across Australia and overseas.
Do you fund consumer invoices?
No, Stream Working Capital will be limited to business to business (B2B) transactions.
I’m already using invoice finance – why would I change?
Stream Working Capital is different to invoice finance services because of its online self-service platform. This platform uses market-leading technology that allows you to link your accounting software and nominate invoices in real time with a single, automatically reconciled source of truth. It also gives you full visibility of your cash flow position across all the invoices you nominate for finance.
What’s the minimum value of invoices I need to offer?
To qualify for Stream Working Capital, the minimum value of invoices should be $50,000. Remember, the higher the value of invoices assigned, the greater your access to cash.
What else will Stream Working Capital offer?
In the future, Stream Working Capital will expand capability to allow businesses to secure funds against inventory and stock.
Things you should know
This information is current as at 25 May 2021 and is prepared without taking into account your individual and/or business needs and objectives. Rates are subject to change. Fees, charges and Terms & Conditions apply.
CommBank has the right to change or cancel this offer at any time without notice. This product is only available to approved business customers and for business purposes only.
1 Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. Full terms and conditions are included in the Loan Offer. Bank fees and charges may apply.
View our Current Terms and Conditions for Business Finance and CommBank business savings and transaction accounts and consider them before making any decision about this product.
Terms and conditions issued for CommBiz and NetBank are available on our website at commbank.com.au, from any of our branches or by phoning us on 13 2221, and should be considered before making any decision about these products. For current interest rates, visit commbank.com.au/business/rates-fees.
Commonwealth Bank of Australia ABN 48 123 123 124 and Australian credit licence 234945.