With an increase in demand, the possible inclusion of the MRRT and exchange rates fluctuating, companies need a reliable source of working capital.
Fifo Capital can provide a cash flow solution for mining industry operators that want to unlock the cash tied up with one or more invoice without the need for property security.
This solution provides cash flow financing whilst giving businesses the ability to manage and maintain their own debtor’s ledger.
Businesses can attain cash flow flexibility for their day-to-day running, as well as according to their particular financial quarters.
Fifo Capital has a number of unique advantages:
- No restrictive covenants
- No need to tie up all your assets
- No property security requirements
- No monthly loan repayments
- No performance reviews
- We do not effect current or planned bank arrangements
- You do not need to seek premission from your bank to use our services
- You choose when to use our services, and when to stop
- Our paperwork is extremely simple and all open book
This is done in a very professional manner and does not in anyway upset your relationship with your customer.
Fifo capital provides flexibility in its business function, funding either a single or small batch of invoices that you have selected; there is no need to hand over your entire customer base.
In this situation your customer is aware you have engaged our services and agrees to pay the account direct to us.
We pay you up to 90% of the invoice value immediately following approval of the invoice transaction (same day), followed by the remaining 10% less our fees once the customer has settled the invoice.
Cal us on 1300 852 556 for a no obligation consultation.