Industry: Concreting.
Facility Limit: $350k.
Background: This young, concreting business quickly made a name for itself in a niche market. The company serviced owner-builders, investors and developers whose needs were in-between the standard residential and smaller commercial concrete slab markets.
Due to their positioning, superior service, and quality, the business grew rapidly. The directors quickly realised that they were unable to service the growing client base without some form of working capital funding. FactorONE were recommended by a broker due to our flexible approach. Our ability to provide immediate funding against completed jobs for reputable builders to assist with weekly contractor payments and fixed overheads was invaluable.
Funding was provided within one week of our initial discussions and cash available will continue to grow alongside the strong pipeline of business being generated. A FactorONE factoring facility ensures the future is solid for this business.
