Cashflow solution for a Civil Construction company
Cash flow pressure eased and ATO Debt settled with our Sale & Lease back solution.
In the time of rapid growth and increased demand, an opportunity to purchase additional excavator presented itself to a Qld based civil construction company.
Hopeful of not missing out on this great opportunity and with the original broker assurances of helping with raising funds to pay the tax debt, the company purchased the machinery outright with the funds that they had kept to pay ATO.
However, the original broker was unable to keep their word to facilitate the funding and the client was required to enter into an agreement with the ATO to pay $13,500 per month.
With the recent purchase of machinery, the client’s cashflow was under pressure. So, in order to meet their operating expenses and pay their ATO Debt, they were looking to raise funds.
Our superhero Sale & Lease back equipment finance facility turned out to be the perfect solution for the new broker. Here’s how it helped:
- They raised $385,000 funds against their 3 excavators
With no Tax debt and an improved cashflow, this civil construction firm can continue to flourish.
If this sounds like a solution for you or one of your clients, get in touch with us to see how we can help.