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John's painting business was doing well. He had secured additional project builders as clients and the margins were good. It meant he had to take on extra staff but he knew the work was there.
12 months later he got some bad news. One of his other clients had gone bust and they still owed him money. John had to decide quickly what to do. There was still plenty of work and he did not want to risk loosing the high quality and loyal employees he now had... When John approached his bank for an overdraft, they refused.
He was left wondering just how he would be able to pay wages and keep his other bills up to date.
Solution: An unsecured cashflow loan based on John's turn over figures and BAS statements was arranged and 3 days later John had the cash in the bank. John was able to get through the temporary problem, keep his workers and bills paid on time and continue a successful business.