apply for funding using our debtor finance, invoice discounting and factoring services

Case Studies

Taranaki Trucking Firm Grows Rapidly April 2010

Rapid growth and short term working capital were the issues for this Taranaki trucking company.  Following a flat few months with reduced income, suddenly demand increased significantly and the business needed to pay increased wages, road user charge and fuel costs.  With payments taking up to 60 days to arrive from invoice, a cash flow squeeze occured.  Interface has been able to discount some of their future cash flow and keep the wheels turning.  With our flexible system, the business will...
Read more »

Short Term Finance Financing Growth for Engineering Firm April 2010

This client needed access to short term cash flow to finance the rapid growth of their business.  An Auckland based engineering firm, they had several months work in front of them to two very good customers, but the terms were 60 days.  The challenge is the timing of cashflow - our client has  weekly and monthly cashflow requirements in respect of wages, suppliers and equipment finance. Our Client is able to pick and choose when to discount invoices with The Interface Financial...
Read more »

Furniture Manufacturing Grows Using Invoice Discounting April 2010

This Auckland based office furniture manufacturer needed working capital to fund its growth.  They have wages and operating costs to meet on a weekly basis, however their Bank was unable to assist and referred them to The Interface Financial Group. Interface was able to provide an ideal solution to assist this business with its cashflow requirements by discounting invoices to just one of its customers. The owners of this business can now focus on sales and production rather than worry...
Read more »

Payroll Spot Factoring Boosts Cash Flow April 2010

This Auckland based client needed a flexible business finance solution.  They provide contract labour to the structural steel and construction industries. The customers are very good and pay between the 20th and 30th of the following month however our client requires funding every week to pay wages. The Interface Financial Group provided the perfect solution – Client is able to discount invoices with Interface each week to provide the required cashflow for wages. Working with The Interface Financial Group allows...
Read more »

Seed Importer Works Through Busy Season Sept 09

A Palmerston North based seed importer needed working capital to get through the busy early spring period.The business had grown rapidly over a few years and then had an unforseen crisis.  This led to the bank not wanting to advance any more working capital as the bust season approached. Fortunately, this business had the foresight to anticipate the fact that they would need short term working capital to see them through the late winter and early spring as this is the...
Read more »

Wine importer achieves growth with business funding

A specialty wine importer in the Wellington region contacted Interface Financial to help them grow their business using their existing debtors ledger. Lack of working capital stunting business growthThis particular client imports specialty wines and distribute these wines around New Zealand. Having also started another importing business venture, their working capital resources were stretched to the limit and, after some thought, they decided to concentrate on the wine business. Waiting for invoices to be paid, however, was limiting their...
Read more »

Cleaning Equipment importer raises short-term business finance.

A Wellington based importer of cleaning equipment needed short term business finance to take advantage of high demand and an opportunity to import at a good price. His bank was not willing to extend his facilities but they recommended Interface Financial Group (IFG).George Rota (pictured), Principal of our Wellington office, was happy to help, removing the need for further borrowing or a business loan by providing IFG's invoice discounting service.Improved cash flow for rapid growthThis client is exceptionally happy with...
Read more »

Fencing contractor resolves cash flow variability

A fencing contractor was recently referred to Tim Levchenko-Scott (pictured), our New Plymouth based franchisee who covers the Manawatu, with serious issues surrounding cash flow in the business.Meeting expenses with short term business financeIt was the contractor's accountant who referred him to Interface Financial, knowing that his client had major cash flow fluctuations but had to meet payroll each week and other regular expenses.Having signed up and got into our system (which cost him nothing), it was not until a...
Read more »

Auckland IT Company uses invoice discounting

Interface had a recent success with an Auckland based IT development company. They had outrun their working capital requirements in early 2009 due to their intense focus on a long term manufacturing process systems software project. Director Mark explains that the 'endgame' is to complete the manufacturing process software which will consequently result in an immense earner for the company in the long term.Long-term development needs short-term funding"The company's focus has been on development of this software for the past...
Read more »

Hamilton Recruitment Agency outstrips its cashflow

Hamilton based recruitment boutique, Job Quick, started out 15 months ago and, when the business growth out-stripped its cash-flow, Director Toni Giddens turned to Interface. She was referred to us by her business bank manager.Great potential hits a financial brick-wall"He could see the potential of the business", said Toni, "but, as we hadn't been operating for 2 years, we didn't meet a lot of the bank's criteria.""We're using Interface so that we can take advantage of business opportunites," she explains....
Read more »

Auckland Interior Fit-Out Company Grows Rapidly - Jan 2009

Ïn mid 2008, a bank manager referred an interior fit-out company to Greg Collins, our Central Auckland franchisee.This business was in a classic rapid growth cash squeeze.  They had grown from having 2 staff at the beginning of the year to 7 staff by mid 2008.  They were totally undercapitalised for this growth spurt and the bank were unable to extend their overdraft facilities.Interface were able to fund $30,000.00 to this company through purchasing selected invoices from there accounts receivable at a...
Read more »

Wellington Trucking Achieves Rapid Growth - 2006-2008

A Wellington trucking frim was referred by their bank in July 2006.   They had taken on 2 big new contracts and were hopelessly under-capitalised.  They discounted a percentage of their invoices to IFG to ensure their business had sufficent cash flow and working capital.In October 2008 they settled their last transaction with IFG.  We have funded them over $1.25million dollars over this time.   They have now weaned themselves off our system, have retained the growth level they took on 2...
Read more »

Short Term Business Finance for Canterbury Trucker - Sept 2008

A small transport business was referred to our Christchurch franchisee, Graeme Irving, recently.  This businessman had operated one truck successfully for a while.  He took on a second truck and was operating one successfully whilst upgrading the other.  Unfortunately, he was not able to sell one of the trucks when he needed to, and so ended up with an acute cash-flow problem.Graeme was able to help this business through a three month patch of tight cash-flow.  The total funding was $30,000.00. ...
Read more »

Flooring Specialist Funds Big Contract

A flooring specialist was referred to our Wellington office by both his lawyer and a large factoring company.  He has a large contract with a developer who is building a rest home complex.  His bank were not willing to extend further funds to him, and he was growing rapidly.  His creditors were not willing to supply him with any more materials unless he provided cash payments, so he was in a bind.Initially contacted late on a Friday afternoon, George Rota,...
Read more »

Spot Factoring Solution for Porirua Car Repair Shop June 2008

A Porirua car repair business was referred to IFG by their bank.  This business had good customers, including a lot of insurance comapnies, but had to wait to the 20th of the following month for payment. The clients had bought the business only in 2007, so had exhausted their working capital base and did not have sufficient history for the bank to finance them.  Nevertheless, they had good turnover and a solid income stream, so IFG's invoice discounting system - also...
Read more »

Capital Business Finance Solution for Rotorua Forestry Contractor

This forestry contractor was referred to IFG by their business banker in October 2007.  The bank was not able to provide the working capital they needed due to insufficient security.   IFG purchased invoices amounting to $977,000 from November 2007 until July 2008. This has given the business the cash flow necessary to expand their operations and now consolidate the financial benefit of the expansion.  Their bank is now establishing a permanent line of credit for the customer based on a greatly improved...
Read more »

Export Finance for Rapid Growth Canterbury Firm

A Canterbury based export firm was referred by a bank manager to Graeme Irving, our Christchurch based franchisee.  Graeme explains that this business is in an exciting rapid growth phase and requires a flexible business finance facility.  They supply the small electronically printed produce signs for supermarkets and the software packages to go with them.  They had recently graduated from a Canterbury Development Corporation programme aimed at burgeoning young businesses.Graeme signed the business up with Interface a few months ago. ...
Read more »

Business Finance Solution for Nurse Recruitment and Placement Agency 2008

A business finance solution was required for a nurse recruitment and placement agency when they were  referred to IFG by their bank in late 2007.   They had good customers - large organisations running several rest homes - but were struggling to make payroll each week as payments would take from 30 to 60 days to come in.  If they had a busy week their cash flow would be under tremendous pressure.  It is important to this business to retain the...
Read more »

IFG Provides Factoring Option for Multimedia Design Agency - July 2008

"The Interface version of factoring , invoice discounting, is a very flexible business finance model.  It can be used as an emergency short term working capital facility".  So says Auckland based franchisee, Greg Collins.Greg received a bank referral for a multi-media design agency.  They had been a very good business finance client of the bank for over 20 years, but unfortunately had experienced a couple of large bad debts which had put pressure on their cash flow.  The cash flow problem would correct...
Read more »

Online Advertising Company Needed Short Term Business Finance June 2008

This online advertising company was referred to IFG by their bank to see whether we could help finance their business. They provide an online portal for construction industry suppliers to showcase their products to architects, who are then able to drag and drop products in to computer aided designs. The system then keeps track of the cost of the project as well - clever stuff !The business has had classic cash-flow problems as it has grown. With a weekly wage...
Read more »

Electrician - Wanganui Nov '07 - Jun '08

Wanganui based electrician, Bruce's Electrical were referred by their bank manager in late 2007.  Bruce's services mostly commercial customers in the Wanganui and surrounding area, specialising in refrigeration.  The business had grown rapidly and was consequently running short of cash.  IFG was able to support Bruce's with short term working capital for around 8 months while the business re-stabilised.  After this time, the business was able to wean itself off the flexible IFG system.  It is now able to concentrate...
Read more »

Truck Accidents Cause Cash Flow Problems - July 2008

Truck accidents are a serious matter for haulage contractors.  Quite apart from the major safetyn issues involved, there are serious business issues too.  Even if the costs of the accident are convered by insurance, when a truck is off the road it is not earning money.  Sometimes the insurance can take months to pay out, while the repair bills need to be paid sooner. There will be an excess, then subsequent premiums shoot up.  For one Levin based operator, 3...
Read more »

Finance for Concrete Contractor - May 2008

A concrete contractor based on the North Shore was referred to IFG.  They needed finance fast.  The company specialises in remedial concrete work. A relatively new start up firm without much track record, this concrete contractor is under-capitalised.  Growing fast and too high risk for their bank in today's tight environment, the bank suggested IFG's debtor finance service. The director is very pleased they did. IFG met the company's urgent need for cash by meeting, doing the initial paperwork, credit checking and funding them all on the...
Read more »

Napier Roading Contractor July 2008.

A Napier roading contractor was referred to us in mid 2007 by their accountants.  The accountants anticipated they might need our help as the business was growing very rapidly.  Initially the client signed up but did not use us for a while.  Then, from April 2008 this company has used us every month to ensure they have smooth cash flow.  They have taken on a number of large contracts with good debtors but find that they are running out of...
Read more »