Industry: Beverage Distribution.
Facility Limit: $250K.
Background:
This boutique beverage start-up has capitalised on the growing trend of craft beverage consumption. After 18 months in business, the organisation has moved from a sole trader to an incorporated business. This growth has led to an expanded operations team and a larger debtors ledger. These additions started to put pressure on the organisation's cashflow; FactorONE was there to provide a factoring facility to ease it. Factoring provides the business with instant cash injections, borrowed against invoices. Increased stock purchasing, timely payments to creditors and wages are all covered by the facility.
This solution is perfect for start-ups, who encounter issues from growth that aren’t necessarily factored into initial business plans. A FactorONE facility can be approved within 24hrs and settled in 48. Plus, as the business grows so do the funds available. Furthermore, factoring is a great solution for start-ups as it does not require personal assets to be offered as security.
