Confidential Debtor Finance Facility
A relatively young business that has only been trading for around 18 months. The business was struggling to execute on growth opportunities without a long term working capital solution.
The introducer contacted Moneytech seeking a Debtor Finance Facility. This client required a large limit to cater to forecasted growth but wanted to ensure that the financing costs would be directly linked with their utilisation, rather than their limits. It was therefore imperative that they established a facility where they only paid fees on funds drawn rather than the full sales ledger.
Moneytech provided a $1m confidential Debtor Finance Facility that supports the clients growth. The facility supports fluctuating sales volumes in the business and now provides a consistent buffer in available working capital to meet subcontractor payments and other business expenses. The client was particularly pleased with Moneytech’s pay as you go fee structure which only applies when the facility is in use, with low monthly costs when the facility is not in use, thus allowing close management of financing costs as they continue to grow.