The Industry - Mining Services
The Australian Invoice Finance team would like to welcome this Perth based mining maintenance services business whose new invoice finance facility will help them keep on top of cashflow requirements.
Mining Services is one of the industries most suited to invoice finance, as these businesses have large wage, inventory and input costs to deal with while waiting for their clients to pay.
The business is rapidly growing and requires additional working capital to support growth and fund upcoming workflow. The business was not operating profitably, and the incumbent financiers were unwilling to support.
Through the assistance of the BDM, the business was provided with appropriate funding which comprised a $1M Invoice Finance Facility to assist the management of cashflow for this business venture, now and in the future.