Acquisition for Family Owned Business
The client needed to expand their operations by acquiring an additional Tip Truck and Quad Dog Trailer to fulfill a new contract with Holcim, an important partner in their business. This expansion was vital for maintaining their reputation as a reliable subcontractor within the Holcim fleet.
To address this need, we created a funding solution that took into account the fact that the income from the new Truck and Trailer would not yet reflect in the current year’s financial statements. We implemented our BAS Pathways policy, which allowed us to base the funding on the last 12 months of business activity statements instead of solely relying on the previous financial year’s records.
The client appreciated this innovative approach. Acquiring the additional Truck and Trailer was crucial for sustaining and improving their relationship with Holcim. By offering this tailored financial solution, we enabled the client to meet the demands of their new contract and maintain their standing as a dependable subcontractor.
KEY POINTS:
Innovative funding option
BAS Pathways / No Financials
Additional work with Holcim
Growth of family owned business
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