Use of Payment by Roger for operational financing of a Czech audio system manufacturer
Financed in the amount of CZK 62 mil.
Average interest rate is only 4,41%
Original state and problem
AQ's long-term goal is to expand its own brand product portfolio. Among other things, they will open a new showroom in Brno this year. In order for a company to implement its projects, it needs to obtain sufficient funds.
In the 25 years of its existence, AQ has grown in such a way that it is not possible to finance it from only one source and it is necessary to find a suitable combination of several products. As AQ's factoring exceeded the bank's set credit limit, AQ decided to try out-of-bank financing options and include them in its financial portfolio.
How it all went
AQ currently uses a combination of several financial services for its operational financing, which together can cover their needs. They continue to cooperate with Komerční banka, where they have decided to stop using their factoring. They replaced it with Payment by Roger, which gives them the necessary flexibility. They continue to use bank overdrafts and revolving to cover the supply of goods from China and Europe, and also have an agreed investment loan.
Several changes have been made
The maximum drawn limit is 17 986 304 Kč
Reduce invoice maturity to 3 days
download full case studyWe have been using Komerční banka's factoring for 5 years. We stopped using it due to long approval processes, fees for contract changes related to adding a new customer, problems with financing customers from Slovakia and a low set limit. Payment by Roger solved these problems.
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