Industry: Labour Hire to the aged-care sector
Turnover: $2,500,000 per annum
Limit: $1m
Background:
Our client based in QLD specialises in the placement of on-site assistance staff, to support the elderly wishing to remain in their own home. Strong growth had led them to turn to invoice finance as a longer term funding solution with another provider, and whilst they were satisfied with the overall funding arrangement there were some concerns around the fee structure and funding restrictions on some debtors which meant the business couldn’t reach their desired growth rates. This was a significant disappointment to the Directors.
Why Factor ONE?
The client was referred to FactorONE Invoice Finance by their finance broker who was able to secure a more reasonable fee structure for the client whilst at the same time the client benefited from FactorONE’s more flexible approach to funding each debtor in order to support the client in reaching its growth ambitions. The client agreed to a minimum 12 month facility and with that cash flow certainty, the business now has the confidence to give effect to its strategic vision. The net result – a great outcome for our client’s stakeholders and the ultimate beneficiaries of their service.
