Accelerated Payments recently provided an $800,000 Receivables Finance facility to a Canadian-based staffing Agency specializing in workforce solutions for the Oil and Gas sector. The client was seeking ways to expand its operations and capitalize on emerging contracts and new opportunities.
Recognizing the challenges faced by the client, Accelerated Payments stepped in with a flexible and bespoke solution tailored to their needs. We provided a $800,000 Receivables Finance facility, creating a substantial increase in its working capital. This financial boost alleviated the cash flow constraints that had previously hindered the client’s growth.
The client was able to confidently pursue new growth opportunities, secure larger contracts, and invest in key areas of its business. Access to this working capital ensured stability in the client’s operations and enabled them to strategically plan for long-term success without the looming concern of cash flow issues, or waiting for invoices to be settled by its customers.
