$220,000 working capital facility for a growing electrical contractor
- Amount
- $220,000
- Asset / purpose
- Working capital (line of credit)
- Industry
- Electrical contracting
- State
- NSW
- Business age
- 6 years trading
- Timeframe
- Facility established in 5 business days
The situation.
A commercial electrical contractor kept winning bigger jobs — and kept waiting 45 to 60 days to be paid for them, while wages and suppliers ran weekly. Growth was straining cash, not profit.
Why it was stuck.
The business wanted headroom without putting the director's home on the line, which ruled out the property-secured overdraft the bank proposed.
The structure we arranged.
A revolving line of credit secured against the business's receivables rather than property — drawn when wages fall ahead of progress payments, repaid as invoices clear, with interest only on the drawn balance.
The outcome.
The facility was in place within the week. The business now quotes larger contracts knowing the cashflow gap between doing the work and being paid for it is covered.
Illustrative example — representative of the deals we arrange, not a specific client file. Structures, timeframes and outcomes vary with your profile and the lender.
Reviewed by Corey Marino — Founder & Finance Broker, FBAA & AFCA member
Last reviewed 13 July 2026 · About Corey →