Their client was a successful, very profitable fabrication business.
The bank had provided an overdraft facility and equipment finance. The client was looking to bring on more employees and increase purchase orders. However the client wanted to free up their personal property portfolio.
The bank offered to increase the existing overdraft facility as the client’s property security was strong.
The accountant implemented the equipment finance and lease back freeing up cash.
The overdraft was paid out and the facility retained but unused at this time.
Supplier funding with OptiPay using Accelerator and a flexible funding draw.
The total cost to the business all up 6% pa plus a significantly improved net cash flow position.
LIMITED RECOURSE and NO PROPERTY security required.
What the accountant said “you think you know how things work and we thought initially the bank was the best option. Well we have learnt something knew, and luckily my client asked us to look at the OptiPay solution which had been provided.
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.
