The Industry - Building Services
AIF works with building services company
Australian Invoice Finance recently provided an invoice finance facility to a maintenance/building services company. The business had some fantastic contacts and clients in the property sector that would allow rapid growth particularly during period of business slowdown as a consequence of the COVID-19 pandemic.
The problem was the business lacked the working capital to fund the significant labour costs involved associated with exponential sale growth.
After being knocked back by several funders including a bank and fintech, the company approached Australian Invoice Finance via the company business advisor/coach. At AIF we took the time to really get to know the Directors and their business model and could see that the business would be a success in the building services industry if only it had the funding it needed. So on mutually agreed terms we funded the business.
Australian Invoice Finance provided the business with a $1.5 million limit with funding at 80%. The business is now turning over $1 million per month with more new contracts on the horizon. With the high standard of workmanship by the client business the sales will continue grow for the foreseeable future and so will the invoice finance funding.
Another happy and cash flow positive Australian Invoice Finance client.