Cashflow pressure eased with Debtor Finance
When an overdraft facility is not enough, other solutions exist
An established vehicle hire company’s customer base required longer credit terms, putting pressure on cash flow.
The company’s bank had withdrawn their support, restricting the overdraft facility limit.
With an ATO debt and a large fleet of vehicles to maintain, the company required a working capital solution for their growing business.
- $3,500,000 Confidential Debtor Finance facility
- 80% advance against invoices
- No property security
- Company was able to repay ATO and pay down existing overdraft facility