News

This client was referred to Interface by a Bank who was unable to extend their facility any further. The client has IRD arrears from a previous failed business venture and a 5 year instalment plan has been agreed with the IRD commencing with an initial upfront payment. While the client had set aside funds for the lump sum payment, it left the business with insufficient working capital to run its business which had been placed under further stress from the purchase of ingredients for a large contract it had recently won.

Interface has been able to provide a facility, where we purchase the unpaid customer invoices for several of the client's larger customers, which has provided the necessary working capital support to meet its IRD obligations and growing business.