Goullet Packaging Pty Ltd, Australia
"...Fifo Capital easily met my short deadline and delivered exactly what he promised at a time when the growth of my business required our debtor funds to survive...Fifo Capital's support allowed our business to grow at a rate that would not have been possible without this funding facility." Read more.

X Manufacturing, Auckland
“ X Manufacturing” of Auckland with a turn over around $1,000,000 pa was experiencing excellent forward orders for their new product which had taken considerable resource to develop, the only problem now was the debtor ledger was increasing rapidly but the payments being received were not keeping up with the cash flow needed to now fund the business.

John the owner turned to his bank for an increase in their facility and banks being banks looked at the security on Johns home and other assets and were not able to help, fortunately Johns bank contact wanted to help, and referred him to Fifo Capital, within a couple of days John had meet with Fifo Capital, opened an account and  selected some debtors invoices for which he would like to be paid. Fifo Capital paid out 90% of those invoices and the pressure was off!

The future for John’s business? John continues to pass some of his larger debtors to Fifo Capital as he needs to, and grow his business, but because Fifo Capital does not lock their clients into any ongoing contracts or commitments, the decision is in John’s hands.

JT Haulage, Australia
Our client (JT) is an owner operator of a small haulage company. He has 3 prime movers and trailers, all on finance. He drives one and uses contract drivers to drive the other two.

JT has only two customers. One pays on seven days but the other pays around the 45 day mark. Annual turnover is $1.2m
JT's bank will only give him a 30K overdraft as he has no tangible assets as security.
JT quickly ran short of cash as he pays contractors fortnightly, fuel weekly – the $30K overdraft was swallowed up in no time.

The options for JT were limited – all the factoring companies refused business because he only had 2 customers. The only option was to pull two trucks off the road!

Fifo Capital came to the rescue!!
We purchased selected invoices and immediately paid JT 80%, followed by the remainder (less our fees) when we were paid.
JT loved it!!

The debtors are also happier working with us as they don't have JT screaming for payment at the end of every month – everyone wins!