Debtor Finance at record speed
This technology distribution business required a Debtor Finance facility to be set up quickly, and were delighted with the result
Despite negative growth due to losing two key vendors, this publicly listed technology distribution business had implemented a turnaround strategy and had projections of profitability.
The bank had withdrawn their support, however, and with mounting pressure from creditors, a Debtor Finance facility was required to be set up in a very short period of time.
- Confidential Debtor Finance Facility
- 85% advance rate
- $3.5M facility
- Working capital to support business growth and payout existing bank debt
- 5 day turnaround including approval, documentation and settlement