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Receivables Finance Pharmaceuticals Company

Receivables Finance Pharmaceuticals Company

Loan Description

Overview

Working capital facility for an Australian pharmaceuticals company

Amount

$500,000

Collateral

Trade Receivables only

Use of Funds

Prepay suppliers

Term

12 months

LVR

70% of eligible debtors

Interest Rate

Under 9% pa

Date

23 Mar 2017

Status

Completed

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Size

$500,000

Indicative Interest Rate

Under 9% pa

Date

23 Mar 2017

Status

Completed