Our new client had been funding just nine weeks, they were a start-up but had good contracts in place. However they had been overweight with two debtors representing 58% of their business ledger.
Whilst most of their debtors paid within terms, one had been pushing the relationship and ultimately the debtor went into liquidation owing our client some $175,000.00.
Had the client not utilised the OptiPay funding solution and OptiPaySecure™ the result would have been devastating for our client.
As a result of the OptiPay solution the client was paid the full advance and thus OptiPay was able to continue with funding without any recourse to our client.
The OptiPay solution included:
1. 20% of delivered project on execution of the contract payable 30 days from date of issue;
2. Balance paid 30 days after installation sign off;
3. OptiPaySecure™ (selective);
4. Advance rate 80% of ledger;
5. Facility limit $450,000.00;
6. Nil establishment fees.
Talk with a OptiPay trained expert. It is undeniable that funding solutions and product design is changing at a 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.
Contact OptiPay and learn more about protecting and freeing up your business capital and grow.
“Get Tomorrow’s Cash flow Today”
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.
