Working capital solution for transport company
Funding growth through Integrated Finance
An established transport company experiencing strong sales growth had acquired additional equipment and taken on more debt to support that growth. The business had the opportunity to secure a new lucrative contract to transport material from Sydney to Brisbane but required 2 additional trailers.
As a result of the sales growth, working capital was tight and servicing of proposed commitments was not evident against historical figures.
- An Integrated Debtor & Equipment Finance facility
- A $350,000 confidential Debtor Finance facility to provide working capital to fund the continued growth
- 80% advance against invoices
- No security taken over Directors' property
- $230,000 Equipment Finance facility to purchase the 2 new trailer sets