Industry: Fo
od Wholesale.
Facility Limit: $250K.
Background: Established in 2010, our latest client was getting the basics right – providing quality product with excellent service. To date this family-owned business had utilised a bank overdraft but once that ‘dream’ customer was landed, cashflow became unmanageable.
The opportunity to instantly double your turnover comes around very rarely; the business directors were unsure of how to support such substantial growth. Luckily, the client’s bank manager identified factoring as the solution to the business’ cashflow woes. The bank manager recommended FactorONE due to our reputation for supporting SMEs through all sorts of situations.
The facility has provided the working capital to not only fund increased turnover, but has given our client the confidence to actively pursue more new business (something they were unable to do previously).
They now know that as the business grows, the facility will continue to grow with them.
