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Business Cash Advance for Levin Trucking Company

A business cash advance was needed by a Levin based trucking company. They had grown rapidly over the previous couple of years and were running profitably with 7 B-train trucks on the road. Unfortunately, a series of accidents had put a major temporary hole in their cash flow due to loss of income, repairs, etc.

They were referred to us by a factoring company whose criteria they did not fit. We were able to come on board with our invoice discounting programme and provide short term cash flow. To date (June '08) they have used us for four consecutive months and are now starting to reduce their use of cash advances. The system has allowed them to carry on trading through this temporary crisis.

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