Turnover:
$2Million.
Facility Limit:
$250,000.
Background:
Manufacturer of tote bags. The business was successfully growing its sales but it had also accrued significant BAS arrears, which it could not repay from its cashflow.
FactorONE provided an invoice finance facility which freed up the cash which was tied up in the debtors ledger, thus allowing the company to satisfy their ATO requirements and bring its BAS payments up to date.
