$80,000 x 3
Line of Credit worth $80k for each Clinic
With delays in payments from Medicare, the businesses three medical clinics were facing cash flow problems. They were funding their business expenses, such as subcontracting GP's and clinics' consumables with their own personal funds.
Moneytech provided each of the business clinics with an $80k Line of Credit. This gave them access to funds helping them manage their cash flow and allowing them to pay for the GP's, consumables, and other bills.