FactorONE Real Deals

F1 no more sunshineIndustry: Labour and equipment hire

Facility size: $1,000,000

Background:

This provider of labour and equipment hire services to the construction services sector in Queensland was experiencing some pressure on cash flow as a result of a blowout in debtor days caused by a change in systems. Regrettably, this meant that their bank existing invoice finance provider was unable to continue providing them funding support.

Faced with a withdrawal of their funding they needed to find a supportive partner quickly and spoke with their finance broker who referred them to FactorONE. FactorONE were able to react quickly to put in place an invoice finance facility within a matter of weeks to provide the business with cash flow as it attempted to repair its debtors ledger and get the business back on track.

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Client Benefits

• Free up the family home
• Improve business cashflow
• Non-Bank funding source
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Contact Us

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