Revolving, unsecured, 80% advance rate, protected and smart!
OptiPay has an existing client funding approximately $145,000.00 per month.
The client designs, imports and constructs a broad range of container solutions and containers to hold liquids, such as water, waste and solvents. A highly specialised area of expertise.
The client approached OptiPay because they needed to import and design a range of new tank containers for a $3.5M project and fund progress claims.
Unbeknown at the time, they had approached their bank for a Letter of Credit and a “consultant” to discuss funding import solutions. The bank declined and the consultant recommended they move their facility to a large factoring group and apply for costly trade import finance. We are unsure if the consultant was swayed to move the client because a soft payment being an overseas trip or the 1% establishment fee, but in the end the client has gone with the OptiPay offering as its far superior.
The relationship with OptiPay was such that the client asked if we could also assist with them with a few options.
The result for our client:
1. Established a trade import solution (client fully funded i.e. no money out of the client’s cash reserves);
2. Increased the clients facility to $3.5M against progress claims;
3. Enormous 28% reduction in procurement and import supply costs;
4. Fully insured with OptiPaySecure™;
5. 80% advance rate against purchase orders, with zero hold backs.
Talk with a OptiPay trained expert. It is undeniable that funding solutions and product design is changing at a fast pace and the reality is, that unless you fully understand a client’s business and their needs you will not be in a position to offer the best solution.
When it is time to review your business funding arrangements then a meeting with a OptiPay trained expert is time well invested.
Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
