Australian Invoice Finance’s Queensland team continues to kick goals and demonstrate its commitment to supporting Australian SMEs.
The business suffered a set of unfortunate circumstances over which it had no control, including family tragedy. As a result, this long-established family transport business found itself in a poor financial position.
A savvy financial broker approached Australian Invoice Finance to seek assistance for his client. The business needed an injection of working capital to support the turnaround. However, due to the administration, no traditional funders would consider their application.
The business was unable to pay suppliers and had no option but to enter into voluntary administration. The owners then worked tirelessly with the administrator to get their business back on track. They cut costs, reviewed the client base and worked with AIF to ensure backing of processes. This enabled the business to pay creditors and, most importantly, keep staff employed.
AIF had the flexibility and commercial acumen to work with the company, administrator and creditors to provide a solution for the client.
The transport business now has an invoice finance facility in place. This provides its immediate working capital needs, support the business’ future growth and ensure the next generation of the owners’ family has a business to run.
Jobs saved, happy client and another Done Deal!
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Find out more about how AIF can help your business take control of cash flow through a factoring facility.