Done Deal – Construction Steel Fixing

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

The industry:  Construction Steel Fixing

Australian Invoice Finance is happy to welcome aboard another Queensland client.

After 30 years in the industry, QLD based steel fixing owner operator was keen to retire. He had wanted his son to take over the business. He also needed money to fund his retirement.

A Brisbane based consultancy firm was employed to assist the directors to draft a succession plan. No banks were willing to support the son to purchase the business. The father couldn’t afford to retire without a nest egg. A senior partner at the firm suggested they talk to Australian Invoice Finance.

 

What is happening:

Australian Invoice Finance were able to assist the son and provide finance to support the succession plan. The solution was to combine debtor finance combined and vendor finance.
• The debtor finance was able to use the debtor’s ledger to pay the father a lump sum.
• The father agreed to finance the purchase from his son in the form of monthly payments over 4 years.
Another great example of the solutions Australian Invoice Finance can offer their clients.

Learn more about invoice finance and factoring

Find out more about how AIF can help your business take control of cash flow through an invoice finance or factoring facility.

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