Invoice Financing – A Flexible Alternative
September 13, 2016
- Problem: Competition & Growth
- Solution: Key Factors Invoice Financing
- Annual Turnover: $5,000,000
- Facility Limit: $800,000
ABC Pty Ltd was a privately owned surveyor operating Australia wide for the past 15 years. With its longevity within the industry it had built a formidable presence competing with some of the largest surveyors in the civil sector. Unfortunately, like a lot of privately owned SME’s, they struggled with lengthy trading terms offered by their much larger principal contractors. Combined with the organic growth of the business and perennial pipeline of work, they found it difficult to contend with larger competitors.
Unwilling to compromise on their quality of work, and reluctant to forego the growth they were experiencing, ABC Pty Ltd engaged Key Factors. We implemented an invoice financing facility tailored to their expanding revenue stream. The facility releases the cash tied up in their unpaid invoices, allowing them to pursue new contracts while knowing the availability of funds can increase as their turnover grew. Also, unlike traditional restrictive business funding offered by banks, Key Factors invoice finance service does not rely on bricks and mortar security but more so on the quality of our clients’ debtors.
Having partnered with Key Factors for 12 months, the business was acquired by a global company who saw the invaluable foot print they had on the domestic market. Key Factors was able to work swiftly to extinguish the facility without penalties or lengthy cancelation periods. So if you are after an alternative funding solution, Key Factors invoice financing service might just be the answer. Our flexible invoice financing facilities have no long-term contracts, no early exit penalties, and no ongoing monthly admin fees.
Call us today, on 1300 884 100 to partner up with a flexible invoice financing company.
*The scenarios above are taken from real client situations. Actual business names and details are withheld for privacy reasons.