The industry: Survey Service Business
The Australian Invoice Finance Team would like to welcome this new business based in Regional Western New South Wales that provides surveying services to the government and construction companies.
The business has been operating for a few years and has previously had a facility with another provider. With majority of the work coming from one customer, the previous funder could not offer a higher concentration due to their credit limitations.
Surveyors where the client invoices on completion of the job where trading terms can reach of up to 45 days.
With majority of the business coming from one customer, the previous funder could not offer a higher concentration limit due to their credit restrictions.
Australian Invoice Finance was able to offer the client a facility with a higher concentration. Australian Invoice Finance were able to do this by understanding who the customer is and by looking at the past trends with that customer.