Industry: Labour and equipment hire
Facility size: $1,000,000
Background:
This provider of labour and equipment hire services to the construction services sector in Queensland was experiencing some pressure on cash flow as a result of a blowout in debtor days caused by a change in systems. Regrettably, this meant that their bank existing invoice finance provider was unable to continue providing them funding support.
Faced with a withdrawal of their funding they needed to find a supportive partner quickly and spoke with their finance broker who referred them to FactorONE. FactorONE were able to react quickly to put in place an invoice finance facility within a matter of weeks to provide the business with cash flow as it attempted to repair its debtors ledger and get the business back on track.
