Another Done Deal
The Australian Invoice Finance team welcomes this Perth-based mining services business whose new invoice finance facility will help keep it on top of cash flow requirements.
Mining Services is one of the industries most suited to invoice finance (also known as debtor finance or factoring), as these businesses tend to have large wage and input costs to deal with while waiting for their clients to pay.
This small business has been rapidly growing and requires additional working capital to support growth and fund upcoming workflow. The business was not operating profitably, and the incumbent bank was unwilling to provide support.
Through the assistance of a finance broker, the business was given appropriate cash flow finance and bookkeeping support to assist the management of this up and coming mining services venture.
Another happy Australian Invoice Finance client. Another Done Deal.
Find out more about how AIF can help your business take control of cash flow.