A family-owned baking goods wholesaler originating in 1860 has historically been self-funded via the director. They supply baking goods, pastry and cake decorating items catering to various bakeries cafes across the Victorian region.
In the time of rapid growth and increased demand, an opportunity to grow the product lines presented itself to the company. The business had no working capital facilities in place so they realised that to grow they will have to look beyond self-funding.
With a $500k Debtor Finance facility in place, they can release the cash flow tied up in their outstanding invoices and now have the working capital to expand their product lines and grow.