FactorONE Real Deals

factorone-fittingIndustry: Glass Installation.

Facility Limit: 500K.

Background:
This installer of window and door systems sought finance to assist with repaying ATO arrears and a refinancing of loans at their bank’s request. The repayment of these obligations out of daily cashflow would have adversely affected trading, by limiting the cash available to purchase stock and pay key creditors. Furthermore, the loans were secured against directors’ personal assets.

Due to our extensive experience in assisting businesses through turnaround phases, the owners of this organisation were referred to FactorONE by a high profile Turnaround Specialist.  Our factoring facilities are well-suited to businesses experiencing hardship. An upfront cash injection assisted with clearing priority debts, whilst working capital secured against invoices helped maintain business as usual. Factoring, in combination with independent mortgage finance, will ensure the organisation’s bank can be fully repaid and put the organisation in good stead to arrange a payment plan with the ATO.

FactorONE will be there long into the future, to ensure that the business has the working capital it needs to recover and grow.

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Client Benefits

• Free up the family home
• Improve business cashflow
• Non-Bank funding source
See more benefits >

Contact Us

Phone: 1300 322 867
Head Office: Level 18, 10 Eagle St
Brisbane Qld 4000