The industry: Local Transport Business
Australian Invoice Finance recently provided an invoice finance facility to a small sub-contract transport company. The client has been wanting for debtors to pay and could not obtain a bank facility, so a cash flow facility was the answer
What is happening :
The business is owner-operated by husband and wife Directors with a team of 9 staff plus contractors. They are located in Queensland. The business recently won a two larger sized contracts but had insufficient working capital to service the fuel and salaries required to fulfil the contract.
Many invoice financiers including the banks can have difficulty in funding sub-contract transport companies. Not Australian Invoice Finance so we stepped in with a facility to fund the transport company’s invoices at 80% with a maximum debtor concentration of 75%. Our client is now easily servicing their new contract and looking for more customers.
The directors of the business are now thinking if only they used debtor finance in the past life would have been so much easier. They only discovered the service of AIF following a discussion with a competitor. The rest is history.
If you want Fast Flexible Funding contact Australian Invoice Finance !
Another Done Deal!