HCV funding for high growth business
The Problem
When approached to fund some new tippers for a high growth business, invoicing required the body builder and chassis provider to be paid at the same time. Additionally, given the fast growth trajectory of the company, working off a minimal deposit was an essential driver to preserve cash flow to grow.
The Solution
Funding was provided on 3 vehicles with a credit line agreed to give comfort to place the orders, with transactions delivered one vehicle at a time to help operational management. Invoicing was handled to pay both the body builder and chassis supplier as new units and funding was provided with a minimal up front deposit to support cash flow.
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