The main difference with our services is that we do not advance you a loan.  We have purchased an asset (an invoice) from you and simply pay you for it.  This way, there is no debt on your books and it does not effect your current banking arrangements.

We don't mind if your company is not yet fully established, has not yet produced a consistent track record of profitability or whether you have hard assets for collateral. With Fifo Capital, you can use the strength of your customers to get you the working capital you need.

Fifo Capital has certain advantages.

• No restrictive covenants
• No need to tie up all your assets
• No property security requirements
• No monthly loan repayments
• No performance reviews with your bank manager
• We do not effect current or planned bank arrangements
• You do not need to seek premission from your bank to use our services

And remember:

• You choose when to use our services, and when to stop
• Our paperwork is extremely simple and all open book

WHY SOME BUSINESSES CHOOSE FIFO CAPITAL BEFORE THEIR OWN BANK 

Some businesses choose Fifo Capital before their own bank due to speed, collateral and cash flow lending reasons. What's more, you do not need to tell your bank that you are using our services.

Assets: While banks generally require a great deal of assets to secure a loan for a business and often more than the business owner has - we do not. Many businesses that apply for bank financing, especially small to mid-sized companies, are turned down. Banks must follow very rigid guidelines and are required to maintain a certain level of capital or equity in order to lend out money. Therefore, when evaluating a loan application, banks must consider the amount of assets that a business has to secure the loan. We do not.

Cash flow lending: We value your accounts receivable/sales ledger at 100%; generally banks will not value it at all, or lend only 30% to 50% of the total amount.