Turnover :
$1.2Million.
Facility:
$250,000.
Background:
Our latest client in the ACT is a labour hire business in the traffic control industry. This new business is being run by an experienced team from the industry, with a strong prospective client base. Therefore, this ‘start up business’ has impressive projections for their first year of trading. Cash Flow was immediately identified as a major issue; staff need to be paid every week but our client needs to provide 30 day EOM terms to stay competitive in this sector.
FactorONE’s factoring facility suits our clients requirements perfectly with funds available within 24 hours of invoicing their customers. The business can confidently grow and accept all new business with the comfort of knowing they will always be able to pay staff on time.
FactorONE approved the facility within 24 hours and provided funding against the clients first ever invoices.
