A Done Deal #40

Austif 'Done Deal' logo showing the Austif logo with the words 'A Done Deal' placed diagonally across it.

Australian Invoice Finance recently provided an invoice finance facility (also known as debtor finance or factoring) to a Sydney based small business in the building and construction industry that provides labour and building services to clients.

What’s happening?:

The business had approached traditional lenders and found it difficult to secure a funding facility that would enable expansion. This was primarily due to financial reporting issues. Also a lack of property to offer as security since the company owner had only recently migrated to Australia.

Another Done Deal

Since Australian Invoice Finance provided a debtor finance facility, the business has now entered a new phase of growth.

However, AIF initially encountered some challenges with regard to accounting information, terms of trade and general communications. These issues were overcome after AIF work closely with the referring finance broker and the director of the company. The whole process, from application to funding, was extremely quick.

The client expects to triple company turnover in the next 12 months and will now have a funding facility of $500,000 to support this sales growth.

It just another story of the team at Australian Invoice Finance work with a small business operator.

Learn more about debtor finance:

Find out more about how AIF can help your business take control of cash flow through a factoring facility.

Read another AIF success story about a small business in the building services industry.

 

 

 

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