Another Done Deal
Australian Invoice Finance recently provided an invoice finance facility to a concrete pumping company. The business is rapidly growing and requires additional working capital to support growth and fund upcoming projects.
The company is operating profitably but is not considered a bankable client due to servicing and security issues. The incumbent bank was happy to release the debtors ledger through a deed of priority.
Australian Invoice Finance provided a flexible invoice finance facility of $600,000 over two separate trading entities with the client continuing to manage its own collections.
The concrete pumping company is now fully funded and the finance broker is also pleased as the business can now afford to acquire much needed new concrete pumping equipment.
Another happy Australian Invoice Finance client. Another Done Deal.
Find out more about how AIF can help your business take control of cash flow.