Business cash advance firm Liberis is launching instant commission payouts for its brokers and intermediaries.
From 1 July, all partner intermediaries will automatically receive commission payments within 30 minutes of completing a deal.
Liberis will also be introducing increased advance amounts for certain sectors. Rates for card sales for all businesses funded, sectors such as dentistry, restaurants and hotels will be increased to up to 200%.
The company has also upgraded its broker app to include Android as well as iOS, enabling brokers to register an interested client and manage, price and add information to their deals on the go, as well as generate an ‘e-sign form’ to their client.
Paul Mildenstein, Liberis CEO, said: “Brokers are an important part of the Liberis family and we want to make doing business with us as convenient as possible and support them where we can. Our instant commission will help with cash flow and reduce admin time. With these market leading innovations, doing business with Liberis will involve no paperwork and significantly reduce time spent processing a deal.
“It’s a good move for brokers whom we know do a lot on the road and most don’t have admin support back in the office. With our 90% approval rate, it’s good for their customers too.”
