Case Studies

FUNDS FOR JOB MATERIALS

An owner of a plumbing company required urgent funds to purchase materials for a building site, he was funding the materials through upfront payments to the site owner. Our facility assisted the clients cashflow on progress payments into manageable fortnightly interest only payments. He required $8000 for materials and within 1 day from applying the client had funds in his business bank account.

STAFF PAYMENTS

A small electrician company with two employees was waiting on 30-day invoice payments. He needed funds to keep staff income payments going. As a property owner the client was approved instantly, and the required funds were in his business account the next day

OVERDUE ACCOUNTS

A pool concreting company had overdue accounts payable building up. As the business had delays and unforeseen circumstances the business fell behind on payments to his contractors. As the client has an ongoing strong payment history with Payment Advance, he was able to increase his facility and redraw further funds.

NEW EQUIPMENT

A digital printing company recently acquired a new client. He now required a large wide format digital printer which he did not have the funds to purchase. By using our $10k loan the client was able to complete the purchase and is now generating income supplying his new and existing client’s needs.

GENERAL BUSINESS CASH FLOW

A small business owner whose business activity reduced during COVID required funds to assist with cashflow. Other lenders could see a slow pattern in his cash flow and would not fund him due to his low serviceability. As we are interest only, the repayments are more manageable to assist the client’s needs during the months of slower business activity.

DEPOSIT FOR NEW WORK VEHICLE

A carpenter required another vehicle for his new business. As his business was recently established the company did not have the required financials required to obtain traditional bank funding. Client used our interest only $10k facility to place a large enough deposit down to purchase the work vehicle and paid off the facility through his increased revenue from having the extra vehicle of employees working on the road across his job sites.