Overview of Medical Industry Client
The Australian Invoice Finance team recently provided an Invoice Finance facility limit to a market leader in innovative Medical Imaging and Healthcare Solutions across Australia and New Zealand. Our client distributes and represents world class manufacturers such as Ulrich Medical, GE Healthcare, Samsung and more.
Introduced by a referral partner to Australian Invoice Finance the business has operated for 2 years and needed a partner to help them fund their growth.
Although the business is still in its infancy and some companies were not able to help them due to the lack of trading history, partnering with Australian Invoice Finance we were able to structure a working capital solution to fund working capital needs of the client. Sales are now improving and the client is primed to grow with the support of the new facility.
Supplier of medical and imaging equipment to the public and private healthcare specialists.
The clients have invested a lot of capital to start the business, with a growing client base and increasing turnover, the client needed extra working capital to ensure that their suppliers are paid on time. With the help of Australian Invoice Finance, we are able to fund against their invoices without having to wait 45 days for the customers to pay.