Working in the fashion wholesale with one of Australia’s leading fashion retailers as their first client, our client was unsure how they were going to bring in the next orders for two new customers.
Their challenge was a working capital shortage – as their best customers had payment terms beyond 60 days. How could they bring forward their first invoice to ship in the next order?
Solution: Fifo Capital was able to fund 80% of two invoices totaling $35,000 from their first and only customer. Fifo’s unique access to debtor insurance allowed funding even though their invoice was 100% ‘exposed’ to one customer. Our client was able to pay for the next shipment of shoes and deliver on time. Thanks to Fifo Capital’s unique funding solution their business is still growing.