Traffic Control Start Up Crashes Into a Financial Brick Wall

Two Brothers Having a Go!

Two Entrepreneurial young brothers started a traffic control business. They were very successful and quickly gained some very good work, mainly with government and semi-government bodies

Within 6 months of starting, the new business already had over $180,000 owed to them by their government debtors.

A Grade credit……. You would think!

The Financial Brick Wall

This all sounds GREAT; except, Governments at all levels are very slow payers. 

They “say” they are not slow payers, but most SME’s know just how slow things happen when waiting for payment of a Government related invoice.

Because of the slow payment from these “A Grade”debtors, it meant that the company could not afford to pay their own creditors on time.

In order to stay afloat while they waited for government debtors to pay, the company approached their bank for an overdraft.

Rejection from the Bank

Being young and entrepreneurial and clearly having a successful business, it was logical to go to the Bank. After all, the TV ad’s said the Banks were there to help small business.

They end up in a circular discussion. The Bank attributed no value to A Grade Government receivable and required a minimum of 2 years financials to begin to consider an application.

The business was stalled and could not grow; the future looked bleak.

If Your Bank Can’t Do It ……. Nova Probably Can

With just a short discussion with a Cash Flow Finance specialist at Nova, an Offer of funding was done within 24 hrs.

That’s the difference between traditional Banks and Nova.  Nova looks at the business and especially the value of the receivables and cashflow.

Turning Your Unpaid Sales Invoices Into Cash

Your Cash Flow Finance Solution Now

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.