The Italian subsidiary of one of the leading worldwide aluminium producers. The majority of customers are domestic small/medium size businesses with payment terms on a 60-90 day basis. Some of these customers were requesting a further 30-60 days extension of payment terms.
We provided a Recourse Maturity Factoring agreement combined with a 30-60 days extension of payment terms to the approved debtors.
Our funding solution has resolved their client's cashflow requirements and also met the customers requirements of an extension of payment and they look forward to sustainable growth in the future, safe in the knowledge that our funding is growing with their needs.
