Australian Invoice Finance recently provided an invoice finance facility to a Perth-based SME operating in the highly competitive security services industry. Security services is one of the industries most suited to invoice finance as these businesses have large wages costs to deal with while waiting for their client base to pay.
The company’s director has more than 20 years’ experience in successfully operating security businesses in Perth. Nevertheless, he was still not getting the cashflow support he needed from his incumbent invoice finance provider.
The security business required ongoing working capital to support growth and fund upcoming workflow. The business was operating profitably but had exhausted its working capital. The incumbent financier was unwilling to provide further support despite the company’s good reputation and long record of success.
An Australian Invoice Finance business development manager set up a flexible factoring facility to support the business. The line of credit we provided will primarily help this small business fund seasonal requirements. It will also help it keep on top of its cashflow requirements and sustain growth expectations.
Learn more about debtor finance:
Find out more about how AIF can help your business take control of cash flow through a factoring facility.