Eco-friendly LED light importer and wholesaler kick starts their lockdown recovery with large order… Read More

Facility Type:

Supply Chain Finance

Facility Size

$400,000

Industry

Import/Wholesale: Eco Friendly LED Lighting

Location

Melbourne

Eco LED Lighting - $400k Payables Facility for LED Light Wholesaler - VIC

Overview: Solving Customer Working Capital Needs

 We quickly identified our client needed to get their fast track their supplies. Retail and construction sectors are bouncing back quickly after lockdowns ended.

Approach: How Fifo Capital Helped The Client

Fifo Capital set the client up with a $400k Supply Chain Finance facility to allow them to order more stock from overseas suppliers. They used our proprietary cloud-based platform to coordinate payments to their overseas suppliers at bill of lading and then deliver to retail as well as construction industry customers.

Key Features

  • Instantly our client is able to fast-track their customer orders as the working capital allowed them to get goods on the ship immediately
  • The payment term extension period means there is ample time to receive and deliver the goods quickly and receive payments from the customers on an agreed 30-day term. In essence reducing their net operating working capital requirement to zero.
Apply Now And See How Fifo Capital Can Help Your Business

Results: Innovation Leads to Added Benefits

With lockdowns in the local construction industry plus many retail customers unable to trade during this period orders had dried up and so too did their cash flow. At which point Fifo Capital’s supply chain finance facility was tapped into to buy stock the moment the orders returned – their 400k limit was ready to go.

  • Through our online platform, the client is able to also extend their terms back to us, they pay a small interest charge each time they do. This helps them better manage capital expenses and manage cash flows with more certainty.
  • Suppliers are paid on the due date – it’s that simple. Importantly, there is no need for their suppliers to use the platform. Our client simply up-loads their invoices and payments are made. They are then able to pay later.
  • Client has a working capital solution has been a revelation as they’ve come out of the Covid-induced lockdowns in the eastern parts of the country.

 

Key Facts

value - $400k Payables Facility for LED Light Wholesaler - VIC
01

Client selects the invoice for payment

verification - $400k Payables Facility for LED Light Wholesaler - VIC
02

Suppliers get paid on time

payment - $400k Payables Facility for LED Light Wholesaler - VIC
03

$400k revolving facility supporting the client getting their business back on track

Integrated solutions for your business needs

Multiple finance options gives you maximum funding

img 8 - $400k Payables Facility for LED Light Wholesaler - VIC

Fast track cash flow by turning unpaid invoices into cash. A simple way to grow your business and take hold of sales opportunities.

trade finance 1 - $400k Payables Facility for LED Light Wholesaler - VIC

Imagine local or overseas suppliers being paid COD without security and then you not having to pay for 120+ days. You can with Fifo Capital.

supply finance - $400k Payables Facility for LED Light Wholesaler - VIC

A unique facility which you can use to pay suppliers, and extend terms to us, freeing up working capital to use as and when you need.

imidate cash flow - $400k Payables Facility for LED Light Wholesaler - VIC

Customised to fit your cash flow needs. Sitting alongside existing lending, it is a great way to innovate, grow and stay competitive.

What Some Other Clients Say

Fifo Capital’s efficiency is great – the next day the money was in my account.

Importer and Wholesaler

Fifo Capital are co-operative and nothing is too difficult – I have a very good working relationship with them. They are excellent at what they do, open to ideas, easy to contact and quick to reply.

Home Services Supplier

We were experiencing rapid growth and we needed to process ahead of time to meet demands over our seasonal shutdown period. This creates huge pressure on cash flow which traditional banks have been unwilling to address. Fifo Capital’s invoice discounting has allowed us to keep a positive cash flow and meet the demands of our customers. All our requests have been met with the minimum of fuss and the process is very simple to use. I would happily recommend Fifo Capital

Health Foods and Supplements Business

Being a busy Asphalt/Construction company we were looking for cash flow solutions. Meeting with Dean from the Fifo group and hearing of their services, we knew this was exactly what we were looking for. The meetings and procedures were quick and no hassle with extremely good follow up and excellent contact, each and every month. We are rapt we have made the connection and enjoy the no hassle and positive moves towards the future. We would highly recommend their services to any company.

Construction Company

Fifo Capital has impacted very positively on cash flow, allowing us to focus on day-to-day running of our business. This, in turn, has allowed us to continuing growing sales. The service is extremely easy to use and no-fuss forms make applying simple.

Packaging Company

Contact Fifo Capital

Find out more. Contact us now and discover how we can help

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