With years of working in the top end of Australia in the mining industry Zsolt decided it was time for a change; time to setup his own business. After looking at the possibility of establishing a gym franchise in Darwin and deciding against it he found the opportunity to start as a Fifo Capital franchisee in Newcastle meet all his criteria.
Zsolt is personally there working with his clients and understanding their situation. A big part of what he provides with Fifo is Invoice Factoring. If you haven’t heard of that before it basically works like this:
- You have unpaid invoices and need funding for short term cash flow.
- Zsolt will work out what you need and for how long, and verify the details.
- If approved you get funds – usually within 24 hours – based on the value of the invoice/s.
- When due, your customer pays the value of the outstanding invoice/s to Zsolt / Fifo.
For a business with reliable client invoicing but a lead time on those payments and suppliers that need to be paid the invoice factoring looks to be a potentially very useful financing method.
You can find out more and get in touch with Zsolt at fifocapital.com.au/find-a-fifo-business-partner/zsolt-bircsak