Low Doc Line of Credit
Operating since 2017 with an annual turnover of $900,000 p.a.
The business had recently secured a large commercial contract and required funds to assist the purchase of new equipment and pay key trade suppliers.
Line of Credit was used to support the payment of supplier accounts for stock and equipment by extending the trade terms by an additional 120 days. This bridged the gap between when the suppliers needed to be paid and when customers paid their invoices.