#electronicgoods

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Situation & Funding Need

Importer of electronic goods is about to go through a seasonal high and needs funding to pay for a shipment of electronic goods. Supply a single key distributor ie one major customer, meant, that although their monthly turnover figure of approx. $500k would qualify them for a full ledger factoring facility, as they only have one customer Fifo Capital is their only option.

They plan to use Fifo for 6 months or so whilst they look to distribute direct to the retailer.

Funding need

$400k

Solution

Fifo agreed to fund the single debtor.

How Fifo Capital helped

Where a full turnover factoring company couldn’t assist due to a debtor concentration issue, Fifo was able to step in due to its debtor insurance policy which mitigated this ‘risk’.