Turnover: $500K.
Facility Limit: $250K.
Background:
This business was established in 2013 and had acquired the sole quarrying rights to a region abundant in raw materials (sand and gravel). In order to maintain exclusivity, the organisation needs to pay royalties on an ongoing basis. Factoring will assist in paying these fees as well as operational costs, ensuring that the business can continue to benefit from this arrangement for many years to come.
The most attractive element, to the business’ directors, was FactorONE’s ability to approve and set up the facility within 48hrs. Our expedited process is unparalleled; allowing businesses fast access to cash to unlock their full business potential.
