News

IFG Auckland was approached by a Building Contractor who is currently working on a residential housing development in South Auckland.

The Contractor was expecting payment for their pre-Christmas completed work to be received in the first week of January but was advised by the Developer that due to staff being away on holiday the payment would not be made until the second week of January. The Contractor was faced with a temporary cash shortfall and the prospect of not being able to pay staff wages during the holiday period.

Interface completed their due diligence and had in place an invoice discounting facility within 48 hours which enabled the Building Contractor to pay the all-important holiday wages to their staff.