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Wellington Based Freight Company Thanks Invoice Discounting For 300% Growth

Contributor:
Fuseworks Media
Fuseworks Media
Wellington Based Freight Company Thanks Invoice Discounting For 300% Growth

When Mike Haworth founded the Wellington based transport and warehousing business, NZ Freighters, four years ago, he had no idea that it would be so successful. Since it was established, it has grown by a massive 300% with Mike estimating that it will expand by a further 150% over the coming 12 months.

However, with this rapid growth came problems. The quick expansion of the company played havoc with cash flow, meaning that Mike and his business partners couldn't keep up with their own growth. Fortunately, a year ago they were approached by New Zealand's largest alternative funding source for small businesses, Interface Financial Group, which helped get them back on track.

'I don't know what I would have done if I hadn't found out about Interface,' says Mike.

'Being in the transport trade, we have a lot of upfront expenses, including petrol and the purchase of new trucks. Without the invoice discounting service we would have had to scale back and growth would definitely have been slower.

'The team at Interface have provided us with great support and have helped us get to the point where all our debtors are up to date and everyone is happy. I couldn't be happier with the way things have gone and hope that the relationship with Interface is a longstanding one.'

George Rota, who owns the local Interface franchise, is also thrilled with the outcome: 'Business owners often don't realise that early success can arrive with its own set of problems and challenges. Invoice discounting can help organisations keep their cash flow steady through difficult growth periods and help them meet their business objectives.

'It has been incredibly satisfying to see an innovative local business, such as NZ Freighters, overcome those initial few hurdles and become such a resounding success story.' Those interested in NZ Freighters services can email nzfreighers@xtra.co.nz. Further information on invoice discounting can be found at www.interfacefinancial.co.nz.

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