Problem: Producing food storage bags for one of Australia’s leading logistics company, our client found they needed additional funds to meet the growing demand of this customer.
With traditional forms of finance such as overdrafts exhausted and an urgent order pending, they needed funds quickly to buy materials (cash on delivery). Initially, they needed $35,000 to see them through this new order.
Solution: Fifo Capital was able to free up the $35,000 from their debtors allowing them to buy the materials to meet the order. And, the entire process took 24 hours from the initial enquiry to funds in their bank account. The company continues to grow at a faster pace than they had ever envisaged.