Construction Business

Construction Business

Interface Wellington worked with a construction business that in the past undertook work in the domestic market and as a result received payment as and when the work was completed. Cash flow had therefore never been a significant issue.

However to provide diversity and a greater level of continuity of work, they recently secured additional new contracts for building and maintenance of commercial properties. In terms of standard business practice they complete the work involved on the properties, issue their invoice and wait for payment from the companies involved.

While payment of the invoices is relatively assured, the delay in receiving payment was creating cash flow issues for the business.

Their Bank was not able to provide any further credit to the group so referred the business to Interface who worked with the business to establish the invoice discounting Facility.

As and when required, the business has subsequently been able to quickly turn some of their outstanding commercial invoices into the cash they need to manage and grow their business without adversely impacting on their new commercial business relationships.

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Instant Cash for Your Business

Interface is NZ's leading alternative finance source for small and medium sized business. We have over 15 years' experience in NZ with our specialist invoice discounting (spot factoring) service and can turn your debtor invoices into immediate cash to pay your creditors on time. Why wait for your debtors to pay you in 30 to 45 days when you can have cash today?