Like to know more? QA
Our clients are typically businesses in growth mode, or those requiring short-term cash funds to meet creditor and staff payments.
Client size varies, but typically each has 3-15 staff and an annual turnover between $500,000 and $7.5 million, however many are sole operators and a number are far larger. Our finance solutions cater for the needs of most businesses from most industries.
Fifo Capital has helped companies who do: computer training, contract cleaning, engineering, excavation, haulage, import and distribution, labour hire, landscape gardening, manufacturing, packaging, painting, paving, printing, transport, wholesale, and many more.
No. Debtor or Invoice Finance has become so well established that it would not be uncommon if your customers already deal with other clients using similar finance arrangements. They may even use it themselves. It is simply an additional, highly flexible finance option that many businesses now incorporate in their business model.
Anything from $10,000 to $2.5 million, depending on your needs and the kind of short-term business finance you opt for.
For invoice finance, you typically receive up to 90% of the invoice value up front, in cash, and the balance less our fees on payment by your customer.
For Fifo Loans, the amount is determined by how much you can afford to repay within the time-frame.
For a new client, approximately 48 hours. For existing customers usually a couple of hours.
Our fees are fully disclosed to you upfront, so there is no misunderstanding or surprises. Fee amounts are dependent on our risk assessment, how long it takes to be repaid and the financial health of your business. Additional fees (if any) are documented and disclosed transparently in our letter of offer to you.
No. Fifo Capital works alongside many banks – with most of the major banks referring customers to us to provide assistance when they’re unable to extend their current lending facilities.
No, we only deal with business-to-business finance.
Yes, however we will always obtain your Privacy Act consent before completing personal credit checks.
Yes. Fifo Capital provides short-term loans to almost any type of business:- limited liability companies, partnerships, sole traders and family trusts.
For debtor finance (debt factoring) facilities, the criteria we typically consider are:
– Is your customer a bona fide trading business? (We do not provide funding based on consumer debt.)
– How credit worthy is your customer?
– Has the invoiced goods or services already been provided?
– Is the invoice late or disputed? (We do not collect overdue debt.)
This happens rarely, as we do our own credit searches. However, should such a situation arise, you will be required to repurchase the unpaid invoice from us and then either collect it from the customer yourself, or hand it to a debt collection agency to collect.
No, we are not a debt collection agency.