Work In Progress (WIP) Funding
Long-term works in progress (WIP) frequently create a cash flow bottleneck for many businesses, resulting in a lack of working capital. For example, a law firm may be required to work on a number of cases over a long time, which means payment is delayed and the business suffers due to poor cash flow. As a result, financing for work in progress can be a lifeline for many.
Financing For Working Capital
Finance for work in progress, also known as invoice finance or working capital finance, provides a significant cash injection into a business, allowing it to unlock capital and improve cash flow. Working capital finance is sometimes required in order to keep a business running and avoid financial difficulties.
Working capital loans are appropriate for various businesses, including law firms, accountants, agencies, and other professional service firms that operate on an invoicing basis or have finance tied up due to long-term work in progress.
WIP Loans From Providior
Providior can help you improve your cash flow by arranging to fund against your company or law firm’s work in progress.
Call us today at (03) 3831 5193 to find out how we can help your company, or get in touch using our contact form.