Turnover:
$2Million.
Facility Limit:
$300,000.
Background:
Our latest client wholesales ladies fashion to high street stores and boutiques across Australia.
Established in August 2011, the client quickly grew to be a $2M per annum business.
However, having to pay for all stock upfront from their overseas suppliers, they quickly became victims of their own success. They were forced to decline orders because the funds needed to purchase stock were tied up in unpaid sales invoices.
Our client’s finance broker suggested we talk to them straight away. That day, FactorONE met with the client and provided a finance offer and the facility was up and running the following week. This was achieved despite the client having less than 12 months trading history and limited financial reports.
FactorONE’s injection of working capital has taken away the clients cash flow pressure and provided them with the funding line which they needed to continue to grow their business.
