Industry: Agriculture Producer
Facility Limit: $250k
Background:
Our client is a Sole Trader which had been heavily investing in launching a commercial operation to grow and sell organic vegetables.
After successfully negotiating a supply agreement with a major wholesaler, our client’s challenge was finding the right source of funding to cover the increasing costs associated with picking, packing and freighting the initial crops to market.
Why FactorONE?
The owner contacted FactorONE to enquire about factoring his initial and ongoing invoices to assist the cash flows of the business.
FactorONE was able to offer an Invoice Finance facility which would support the start-up nature of this relatively new operation and provide essential working capital to ensure weekly costs were covered whilst awaiting payment for the sale of its crops of organic vegetables.
Our facility will ensure this new business can get its fresh organic products to market by providing ongoing cash flow and peace of mind that our facility will support and grow with the business.
