Our software/consulting client had been in business just under eighteen months. They provided software solutions to a Government Department on 60 day terms and developed a security protocol for a shipping and logistics company on 45 day terms.
The combined amounts due to our client was $480,000.00.
The client had retained a range of contractors to complete the projects and required an immediate $300,000.00 advance.
The client had been talking to several on-line unsecured funders and had received offers to fund with rates ranging from 28% pa to 52% pa plus a 2% establishment fee.
The client was referred to OptiPay. by their bank relationship manager, who advised the client that a more cost effective solution may be available.
OptiPay. structured an unsecured fully flexible facility, with an immediate advance of $300,000.00 (24 hrs turnaround to funds reflecting in the clients account). The client loved the fact that NO fees had been levied, no amounts held back from the advance, discreet funding established and a non-recourse solution.
The cost of funding significantly less than the online lenders.
OptiPaySecure™ was established for the client specific to the largest debtor (non-government).
Revolving facility established to $500,000.00 pm (no establishment fees, no line fees, no unused facility fees and completely flexible).
The result:
- Paid contractors.
- Retained new marketing executive.
- Improved working capital position.
- No property security required.
- Cash flow facility (flexible) to $500K pm.
- 100% flexible.
- No hidden fees, application fees or contracts.
- 100% online via their cloud accounting software.
- A loan or debt solution may not always be your best business funding option.
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.
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