Having dealt with a pre-insolvency specialist our client came to us as they were about to restructure. Parts of their business were still viable and have potential for a strong future – they needed funds to pay professional fees to steer them through the difficult period they were facing but they had no available equity in property to leverage.
A review of the assets available found that there was an unencumbered vehicle. Using the vehicle as security we were able to secure the client the funds they needed to move towards a brighter future with an approval in 24 hours from application.
#restructure #ATOdebt #privatelending #businessloans #ratethis #equipmentfinance #foodmanufacturing #commericalconstruction #labourhire #wholesale #manufacturing #engineering #civil #earthmoving #excavation #freight #logistics #supermarkets #foodandbeverage
Case Study: Equity gaps (and not the family home)
Our client, a labour hire business providing contractors to the mining sector, was regularly using close to $1M to cashflow the business until their invoices