FactorONE Real Deals

Transport2f1Industry: Transport.

Facility Size: $650K.

Background: This well established, family-owned transport company had survived some tough trading conditions which had left their cashflow very tight. This was exaggerated when their customers began dragging out payments well-beyond the standard 30-day credit terms. With a focus on paying wages and key fuel suppliers the business had been unable to keep up to date with ATO payments, leaving them with significant arrears. 

FactorONE approved a facility within 24 hours which enabled the business to make a lump sum payment to the ATO & negotiate a payment plan to cover the balance. With the ATO satisfied and the regular cashflow generated by the FactorONE facility, the directors were able to focus on growing the business.

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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