In 2008, a small importer of specialty ingredients required funding to overcome a serious cash flow shortage. The company provides specialty ingredients for food manufacturers, particularly baking. They had sourced a number of new products from Asia and were forced to commit to substantial minimum orders. While they knew that the products would be sold [...]
Cash Resources recently conducted a survey of its current customers throughout Australia. Among the findings: 80% of customers with Invoice Discounting felt they were better positioned to ride out tougher economic conditions than their competitors. When asked what business benefits Debtor Finance had provided, their responses were: • Cash flow predictability/financial peace of mind 38% [...]
Working capital measures the efficiency and short-term financial health of a company. Small business owners need sufficient positive working capital to operate successfully. A lack of working capital presents many disadvantages to small businesses. Hard to Attract Investors A small business that lacks sufficient working capital may find it difficult to attract investors and lenders. [...]
Ten years ago, Clyde Hawkins established Fitweld Engineering Pty Ltd. A fitter & turner by trade, Clyde has also worked in management positions for a number of engineering companies. Fitweld Engineering was established to provide steel fabrication, mechanical engineering and construction, fabrication welding and industrial welding. The core business became structural steel fabrication for local [...]