Funding Growth Capital Where You Least Expect It

In business, lucrative opportunities are occasionally presented to business owners, but so often the ability to act on the deal and profit from these opportunities comes down to timing and the availability of capital to act quickly. This means that businesses are often forced to give up the chance to grow because they simply cannot afford to.

The Opportunity

In this case, the firm was a media company that specialised on video broadcasting on TV screens and monitors in public places like hotels, bars, train stations, bus stops and the like.

They were presented with the opportunity of acquiring their primary competitor for roughly $200,000. This would make them by far the major player in that market space. If they could complete the acquisition and consolidate the 2 businesses, they would be able to eliminate as much as $150 000 per year in overheads, meaning that not only would the opportunity create significant profits, but it would also help to streamline costs in the consolidated business. The savings alone would almost pay for the acquisition in one year.

The Problem

Regrettably, neither the Company nor any of the directors owned any real estate. They visited several Banks but despite a good business plan and demonstrating the savings and efficiency which would flow from a combined business, no Bank would assist them.

It looked like they were going to miss out on this amazing opportunity.

The Solution

At this stage, someone mentioned Nova Cash Flow Finance to them.

They contacted Nova, submitted an application and all the supporting documents.

Nova was able to advance against only some of the debtors. In other words, they offered the Client a “Selective Factoring Facility”. In effect Nova was advancing funds to the Client backed by the credit worthiness of their customers

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Result

The acquisition was able to proceed based on the funding Nova provided through the selective factoring facility. The businesses were combined and the significant savings that were anticipated did eventuate; exactly as planned.

The Client only needed to operate the facility for a little over 6 months by which time they have generated enough cashflow and profit to payout the Nova facility.

Another success story funded by Nova Cash Flow Finance

What Our Clients Say About Us:

5/5

Since commencing business with Nova Cashflow Finance, their service has been impeccable, always working with our staff to meet deadlines and meet business requirements. The team at Nova Cash Flow Finance are easy to work with and have excellent interpersonal skills. Nova Cashflow Finance have a user friendly online interface which allows us to submit invoices, download reports and update customer information with ease.
I would like to ask you to consider Nova Cashflow Finance for your factoring needs of your company. I strongly recommend the services of the company.​

Connie

New Labour Hire Business

Nova provides our business with a reliable easy to use cash flow solution. Their funding has helped our business grow and develop. They have easy to use online software that is very transparent so we can see what is happening with each and every invoice. ​

Tyler R

Transport Business Owner

I don’t think I could operate my business without Nova Cash Flow Finance. They turn my loads into cash and keep my wheels rolling.

Clive S

Transport and Logistics Operator

Cash is King in our business and Nova Cash Flow Finance have solved our cash flow problems more than once. It’s one of the best moves we have ever taken.

John M

Distributor

Nova Cash Flow Finance have been a big help in our business. Keeping the cash flowing and helping us to pay our bills and grow our business.

Trish W

Contractor

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If you have any Cash Flow Finance or Working Capital requirements, feel free to contact us on 0467 299 303 or email us at operations@nbf.com.au.