A healthy stream of funds is essential for every successful business, but fluctuations in cash flow can make it a challenge to make sure the cash is ready to use when you need it most.
That’s why we’ve developed Stream Working Capital – a fully digital cash flow solution that lets you access the funds you need quickly, using your invoices as loan security.
Stream is available to B2B customers issuing invoices to the value of $15,000 per month or more. To use Stream Working Capital, you will need a Business Transaction Account to get your invoices paid into. If you don’t already have a one, you can open a Business Transaction Account online.
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.
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.
No, Stream Working Capital will be limited to business to business (B2B) transactions.
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.
To qualify for Stream Working Capital, the minimum value of invoices nominated is $15,000 per month. So whether it’s one $15,000 invoice, or fifteen $1,000 invoices per month, you can nominate these to borrow against. Remember, the higher the value of invoices assigned, the greater your access to cash.
In the future, Stream Working Capital will expand capability to allow businesses to secure funds against inventory and stock.
This information is current as at 30 September 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.
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. The minimum value of nominated invoices is $15,000 per month. 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, CommBank business savings and transaction accounts, Financial Services Guide (PDF) and the Electronic Banking Terms and Conditions (PDF) and consider them before making any decision about these products. Bank fees and charges may apply.
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.