Transport Using Factoring

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Visit us at: http://tradedebtorfinance.com.au

By: Trade Debtor Finance Consultants (TDFC)Sid Goodwin

Transport Using

Factoring


http://tradedebtorfinance.com.au/




Trade Debtor Finance consultants Pty Ltd (TDFC) was contacted late last year by a transport company with 3 trucks

with 2-3 debtors




This firm’s owners were quick to explain that a shortage of cash flow has caused a

problem with a fuel bill and that it was causing work to slow down




Typical introducers would just give them a few lenders in an effort to sign them up,

but not our firm




TDFC, we understand that Factoring comes off the profit margin of companies and in

this case Transport, they are already running at low margins as it is




One break down in a truck erodes those margins away totally




We were able to explain that they could get a no lock in solution to fix the

immediate problem




However, this would be costly and that if they could sustain a more lock in solution, they could develop a plan going forward




One simple question, what can you do with the company once you’re back on top of your cash flow issues and have

money in the bank?




Get another truck into work was the consensus and get it with another

debtor spreading risk




With access to cash flow, wages wouldn’t be a problem and by increasing work,

slowly we can increase profits as we’re using the factoring companies

money to do so




This firm has developed the product and 6 months on has landed two more

contracts and now has 5 trucks




Yes, they have a lot more money and profits, however, they also have a growing business with much

more strain on themselves




Another situation that TDFC will advise on as they need help with infrastructure




Would you like to know more about Factoring?




Please contact TDFC today for an obligation free quote in writing




Main Office:

1300 00 8332

Fax Number:

07 5540 3727




TDFC Mobiles Any Time:0408 058 827 or 0408 711 932

After Hours Consultants: 0416 142 907




Postal AddressPO Box 646,JimboombaQLD 4280

Email: [email protected]


mailto:[email protected]

Transport Using Factoring

Business

Transcript of Transport Using Factoring