Industry:
Furniture 
Facility Limit:
$400K
Background:
This manufacturer of lounge suites produces furniture exclusively for one of Australia’s most prominent retailers. A steady increase in demand since establishment in 2004 has led to higher turnover for the organisation and, as a consequence, increased pressure on supplier credit terms. The owners required a cashflow solution to enable them to maintain production seven days a week and manage their customer’s extended payment terms.
A FactorONE factoring facility has ensured that the organisation is able to pay its suppliers on time, accept all new orders and produce goods to demanding schedules. Production has never been stronger and neither has the business’ cash position.
