News

Interface was approached by a Bank to assist a customer who had been in business for many years, but got into arrears with the IRD. Interfaces involvement provided them with the necessary ingredient, "time", to rebuild their business and get it back on a solid footing. Demand for their products took off again, resulting in significant growth in the order book but with further cash flow pressures. Interface was able to support this growth by providing cash upfront to the company for sales that would normally take 45 days to collect which enabled important creditors, such as key material suppliers, wages and the IRD to be paid on time.

The company built up additional equity and together with their new trading track record has enabled them to obtain a new $500,000 bank facility. Interface enjoys being involved in such turn arounds and looks forward to assisting the company through their next phase of growth!