A simple, step by step example of how Fifo Capital can speed up your working capital funding needs:
- You select one or two invoices you wish to receive immediate payment for.
- You sell the invoices to us and we immediately give you up to 90% of the invoice value, in cash.
- When full payment is collected from the customer, we give you the remaining 10% of the payment less our fees.
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Fully Disclosed |
| Invoice value |
$35,000 |
| 90% payment to you |
$31,500 |
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|
| Customer makes payment |
|
| Fifo Capital fees |
$1,750 |
| Residual payment to you |
$1,750 |
| |
|
| Total payments to you |
$33,250 |
For new clients the process (up to the point of Fifo Capital paying you the initial payment) usually takes 24 hours. For existing clients, it takes a couple of hours.
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