The industry: Wholesale Traders
The Australian Invoice Finance team would like to welcome our latest broker introduced client with facility limit of $1M who is involved in the competitive construction trades supply industry. This Perth Based business has expansion plans into the eastern states and requires additional funding to support the expansion.
Their broker recommended Australian Invoice Finance to the Director who was not getting the support of their previous financier but at Australian Invoice Finance we were prepared to be flexible to comfortably support the business and provide the business with the confidence them fund their growth expectations to keep on top of their cashflow requirements.
Wholesale and distribution is one of the industries most suited to invoice finance, as these businesses have large input and inventory costs to deal with while waiting for their clients base to pay.
The business is requires ongoing working capital to support growth and fund upcoming workflow. The business is operating profitably but exhausting their working capital and the incumbent financier was unwilling to support regardless of their trading history.
Through the assistance of the broker, the business was given appropriate funding and support to assist the management of this well regarded and ambitious business venture.