The historic bushfires raging across New South Wales, Victoria, South Australia, and Queensland have so far destroyed thousands of homes and businesses, scorching an area the size of South Korea. While major population centres haven’t been seriously threatened by the flames, economic impacts are expected to be significant.
When we met with this Fifo Capital client, we knew we were looking at a success story waiting to happen. An internationally proven concept brimming with potential in the local market, our client had the experience necessary for the new venture and extensive business planning to make it a success.
What was a disused South Melbourne park only a few months ago, has been transformed into a popular community space by the arrival of a Boutique Food Market, held once a week and already enjoyed by more than 3,500 locals.
We work with a large array of business types – importing to labour hire, manufacturing to engineering, landscape gardeners to painting companies. All have different needs and business pressures that we apply our business finance expertise to, to find a purpose-fit finance solution. Here are a few words from our clients.
Problem: A manufacturing company with a turnover around $1,000,000 pa was experiencing excellent forward orders for their new product which had taken considerable resource to develop; the only problem now was the debtor ledger was increasing rapidly but the payments being received were not keeping up with the cash flow needed to now fund the business.