For a business like ours the challenge has always been cashflow. We may be waiting for payments to come in while under pressure to pay our workers and their entitlements. The juggling act made us feel stressed all the time and we began to look for ways we could better manage our cashflow and sustain our business.
We set up an invoice finance facility with Apricity Finance, which gave us access to the funds from our invoices as soon as we issued them. This meant that we were able to meet our employee obligations and other upfront costs – as well plan ahead.
With our stress levels reduced both at work and at home we were able to begin our expansion plans with the confidence that steady cash flow brings. There are some big opportunities ahead in the market here and it’s great to feel like we can take on the challenge.
We have a great ongoing relationship with Apricity. Our BDM has been wonderful to deal with and as we have come to know more of the team we certainly feel like a valued part of the family.
Director, VIC based Civil Construction Company