Working Capital For Growth

Manufacturer Automotive Industry

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.

 

Classic Solution

  • 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? 

Get in touch!