|PJT Success Story - Negotiates to Save $8k p.a. Interest|
Sharp negotiating saves client $8,000 in interest
One of PJT’s Central Queensland clients was hit hard by the Queensland floods earlier in 2012. They had really struggled to rebuild the business with damage to infrastructure and some major stock losses, none of which was covered by insurance.
The client had a significant overdraft, which they used to reconstruct and restock basic inventory so their business could slowly get back on track, but the repayments were hampering cashflow and taking the company a long time to recover to normal trading levels.
Following discussions with the client, PJT went into bat with the banks and negotiated hard to better the overdraft rates. This resulted in a saving of over $8,000 in interest alone per annum, which gave the client the breathing room they needed to quickly restore their inventory levels.
The interest saving alone more than covers PJT’s accounting fees for the year, resulting in another happy PJT client.
If you’re having a tough time with the banks, why not see if we can negotiate a better rate for you?
Contact our friendly team to discuss your situation today.