Lee Clarke

ORIX Cashflow Finance national manager business services, Lee Clarke, says debtor finance has been overlooked by the franchising industry.

"Traditionally, franchisors have looked for a standard finance package to offer all franchisees.

We understand the need to offer all franchisees a consistent package but the factors we look at in assessing a debtor finance deal are specific to each business.We have to do it this way to make it fair to each franchise, otherwise bigger franchisees can end up subsidising smaller ones," Clarke says.
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According to Clarke, debtor finance offers growing franchise businesses many advantages.

"Successful businesses face many challenges.Even successful businesses fail from a lack of cash - pure and simple.We find the more successful a business, the more cash is needed to buy stock and pay wages," he says, adding that debtor finance can also be used to fund franchise growth.

ORIX Cashflow Finance national manager business services, Lee Clarke, says debtor finance has been overlooked by the franchising industry.

"Traditionally, franchisors have looked for a standard finance package to offer all franchisees.

We understand the need to offer all franchisees a consistent package but the factors we look at in assessing a debtor finance deal are specific to each business.We have to do it this way to make it fair to each franchise, otherwise bigger franchisees can end up subsidising smaller ones," Clarke says.
...
According to Clarke, debtor finance offers growing franchise businesses many advantages.

"Successful businesses face many challenges.Even successful businesses fail from a lack of cash - pure and simple.We find the more successful a business, the more cash is needed to buy stock and pay wages," he says, adding that debtor finance can also be used to fund franchise growth.

DSB catches up with Fred Marfleet from ERA and Lee Clarke from Orix Australia to learn about cutting costs and increasing valuable cash flow within a small business.

DSB spoke to Fred Marfleet from ERA and Lee Clarke from ORIX Australia, about the importance of cutting costs and maintaining cash flow to ensure your business runs smoothly.