Helping to Get the Harvesting Done

Our farmers depend on farm hands to make sure that each precious crop is harvested at the perfect time. With most farms away from populated areas, many will turn to labour hire firms to help them find the best workforce.

For those labour hire firms, attracting good candidates means a strong emphasis on compliance and good business practices. Workers are usually paid weekly so this can put a strain on cash flow. 

At busy periods this labour hire client can have over 50 debtors on their books, this can mean they need funding. So, when its peak harvest time, how do you keep on top of the cash flow?

Our QLD-based client decided to look for a solution and contacted Earlypay to see how Invoice Financing might help. The size of the business meant that Confidential Invoice Discounting facility could be put in place releasing up to 90% of the value of their unpaid invoices.

The facility is now up and running in time for this year's busy farming period.