Australian Invoice Finance is extremely excited to share a recent cashflow finance success story involving a new North Queensland client.
This successful family construction and demolition company planned to take advantage of the increased construction activity in the region and expand its operations.
The business was asset rich but needed working capital to support its growth plans. The owners approached a number of traditional lenders. However, none were willing to provide a line of credit despite the low risk it presented.
The company was introduced to a savvy finance broker who had a long-standing relationship with Australian Invoice Finance.
The broker contacted AIF and outlined the client’s cashflow finance needs, business plans and asset position. AIF immediately recognised an important opportunity to provide cashflow support another Australian SME.
There were a number of hurdles to overcome in establishing the debtor finance facility, including multiple parties with registered securities who had to agree to the terms.
However, AIF was able to draw on its experience and flexibility to negotiate a beneficial outcome for all parties.
Australian Invoice Finance was able to provide a full-service factoring facility. This provided management with the cashflow finance support needed to grow the business as well as allowing them to focus on the day-to-day priorities.
Learn more about debtor finance:
Find out more about how AIF can help your business take control of cash flow through a factoring facility.