News

A contracting business was recently referred to IFG Wellington by their Bank.

The business was newly established and had made good progress in securing contracts but was struggling with cash flow while they waited for payment of customer invoices. With only a relatively short track record of performance, the business had been unable to obtain a working capital facility to meet their growing needs.

IFG Wellington met with the business owners and was able to provide the relatively urgent funding required at the time. Since then a more specific process has also been agreed by IFG to better meet the needs of the business. With an appropriate funding facility in place, the business has been able to actively increase their customer base and sales turnover.