Video Transcript
It’s a transportation business that is providing funnily enough transport services in the mining services sector and it’s an unfortunate reality in Australian commerce that the big miners tend to be slow payers cause they’re using all their suppliers and vendor providers as banks for themselves to enhance their profit. And many of our clients who are contractors to these big mining services, they want to do work for BHP, Rio you know, New Crest, all these big mining companies but they’re not seeing money for 90 days. So when you’re a transport business you’re paying fuel every single day, if you’re hauling those long hauls from Sydney to Queensland or just running a bob cat around on a mine site its you know, a lot of fuel and other expenses. So again this client came to us with a cash flow difficulty, they couldn’t grow the business, they want to take on a new contract, didn’t have the ability to take on a new machine. So we advanced them and they had $450,000 dollars of invoices sitting out there between you know day one and day 70 so we were able to release about $350 to them which they can use to do whatever they want but in this case he went and bought a second piece of machinery, paid out some old bills and was able to take on a new contract. If not for OptiPay he wouldn’t have been able to take on that new contract at all so you know he would’ve just kept struggling along with all the difficulties he was facing.
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.
