Why Debtor Finance?
This wholesaler of fresh produce was self-funding their working capital by using property security to secure an overdraft. Key creditors required payment on a fortnightly basis, so when the business encountered extra demand or unforeseen expenses, cash flow became strained. The business’ directors had spent a good amount of time researching alternative forms of finance and found the benefits of invoice finance to be the most appealing.
With limited extra property to offer for an increase in overdraft limit, the business opted for debtor finance to totally replace their overdraft and still have additional funding left over “for a rainy day”.
Why Scottish Pacific?
The availability of a local, accessible client relationship manager in Adelaide was important to the business. We were able to provide surety of funding and a point of contact available at key times.
To find out more about how Scottish Pacific can help your business, please visit our services page.
