News

CASE STUDY - BUILDING CONTRACTOR (16/05/16)

IFG Wellington was recently contacted by a contractor to the building industry who is experiencing a significant increase in turnover which is now affecting working capital/cash flow of the business. i.e. the timing lag between incurring new and increased costs to complete the increasing schedule or works, while they wait for payment of invoices for work already completed.

 

Due to a historic business debt, the business had not been able to obtain increased working capital funding from their Bank.

IFG Wellington is therefore working with the business to structure an Invoice Discounting Facility to provide them with the flexibility they require to manage their ongoing and growing working capital needs as they continue to grow.

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0800 438 434          Email:  ifgnz@interfacefinancial.co.nz

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