Turnover:
$5Million.
Facility Limit:
$500,000.
Background:
Refinance of existing bank facilities. Client company had experienced recent decline in financial results causing existing bank to place the account "on watch" and seek repayment of all facilities. FactorONE has refinanced the bank's factoring facility and is ready to continue support if the client chooses to restructure the business via Administration/DOCA options.
