Cash Flow Pressure Eased With Debtor Finance

An established vehicle hire company’s customer base required longer credit terms, putting pressure on cash flow.

The company’s bank had withdrawn their support, restricting the overdraft facility limit. With an ATO debt and a large fleet of vehicles to maintain, the company required a working capital solution for their growing business.

The director of the business contacted Earlypay, and we provided him with a Debtor Finance facility that allowed the firm to unlock cash from their outstanding invoices and pay down the ATO Debt and existing overdraft facility. 

The facility now supports their business growth and provides a consistent buffer in available working capital to pay wages, other expenses, and fund growth opportunities.