FactorONE Real Deals

F1 truckIndustry: Transport

Facility Size: $800K

Background:

Located in the Central Coast of NSW, this family owned transport business has been operating for 30 years. After a tough year which included some significant bad debts, their main stream bank decided to withdraw their support which required them to refinance at short time. After eight years using a debtor finance facility with the bank, their finance broker recommended a more flexible commercial solution - FactorONE.

FactorONE Invoice Finance was able to pay out the bank and continue providing reliable working capital on an ongoing basis without any disruption. Over an 18 month period using a Full Service invoice finance facility, the business paid down its ATO obligations and got back to profitability. Delighted with the results FactorONE provided, the business then decided to a transfer their facility to a Co-operative Debtor Finance facility with Scottish Pacific, signifiying the reaching of a milestone in their recovery.

The result is a thriving business without cash flow restrictions or ATO debt a client who can move forward with confidence.

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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