Working capital for growth
When the bank was unable to assist, this manufacturing business looked for alternate options.
A manufacturer in the automotive industry required a working capital solution for expansion of their business and equipment finance to purchase required equipment.
A mixture of an imperfect credit history and some tax arrears meant the banks were not willing to fund the business.
- ATO approved repayment plan for all outstanding tax arears arranged
- $500,000 Debtor Finance facility
- 80% advance rate (rather than the usual 85%) to mitigate the imperfect credit history
- $75,000 equipment finance facility
Interested in funding solutions for your business growth?