Releasing directors' personal assets
A successful manufacturing business obtained working capital finance to keep personal assets and business interests separate
A privately owned manufacturing company with contracts with major professional sporting teams as well as local and school clubs, required a working capital funding solution to assist with seasonal business fluctuations.
The directors had used their personal assets as security for bank funding lines and were looking for an alternate funding solution to release those personal assets.
- $3M Debtor Finance facility
- Flexible contract term to coincide with seasonal requirements
- Paid out overdraft, which is still available for the business to use when required
- Approval and settlement within a week
To find out how your business can raise capital without putting up personal assets as security, get in touch on 1300 780 895.