Category: Business loans

Posts related to Business loans

unsecured business loans

A client in the construction industry needed urgent finance to support cash flow to help bridge the gap in account receivables to eliminate downtime and loss of income between projects. Unfortunately, due to unforeseen circumstances within the industry, the construction company struggled to secure partial payments for upcoming jobs, stopping them from purchasing required materials & equipment to begin construction and with Christmas creeping up, he was looking for an injection of $250,000 over a 12 month period, the funding was to allow them comfortably finish construction of existing jobs, as well as begin the wave of new projects.

With around $3.4m in revenue over the previous financial year, and close to $485k in average monthly inflows, their finances proved to be quite good. Due to an existing credit facility and outstanding funds owed for jobs completed, our risk assessment indicated that a line of credit for $150,000 would be the amount required for the [...]

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