Turnover:
$1.2M.
Facility:
$250K factored $75K Tradeline.
Background: An entrepreneurial duo set out to act as Australian distributors for an international brand of coconut water. The pair did not anticipate the importance of cashflow management and the difficulty of paying overseas suppliers. The longer trading terms the business offered to its customers necessitated a funding solution to maintain stock levels. Our fast approval process and no requirement for property security made FactorONE the prime choice of financier.
The factoring facility (established in 2013) ensured all creditor obligations were met and the business was positioned to take advantage of growth opportunities. Plans for expansion, involving new product ranges, have been facilitated by the addition of a Tradeline facility.
This combination of funding solutions enables our client to grow its customer base and meet all forward orders whilst maintaining a positive cash position.
