Manchester supplier improves their cash flow
SMBs see a world where they are trying to grow and build their business but are battling to get that financed. Here's how we helped one Victoria-based business.
Silveron sources their goods from overseas and has a good expanding order book from large Australian retailers. Business funding was in place with a large finance company. This was not proving to be sufficiently flexible to meet their growth plans or smooth out occasional import issues that strained the business' cash flow.
Their broker recommended reviewing the existing finance arrangements.
The Classic Funding Group Solution
A new Debtor Finance facility was put in place, large enough to support the business.
A solution was found to the concentration risk that existed with heavy dependence on one large retailer.
In addition an extra $70,000 of Equipment Finance funding was made available, through our unique Integrated Finance solution.
Read the client testimonial here.
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