How Finance helped this clothing wholesaler

A relatively young business that has only been trading for around 18 months. The business provides quality corporate workwear and PPE to customers across Australia. 

They were growing but a large proportion of their cash flow was tied up in inventory and outstanding customer invoices. As a result, there was a shortage of working capital, which impacted their ability to maintain necessary stock levels to meet customer demand.

Earlypay provided the client with a $50k line of credit facility, which leveraged their unpaid debtor book to give them access to the cash flow needed to purchase stock and meet customer demand.