As Edward McKee Wright, Company founder and CEO of Working Capital Solutions attests, “Small business is what we do. Creating a successful business is one of the most meaningful and rewarding adventures a person can have. It is also the most lonely, difficult and testing journey a person will ever go on. Most small businesses fail, but when they do succeed, they become an enduring expression of the founder’s vision. We understand the unique difficulties a business owner will have; we respect their struggle and celebrate their success”. Having worked in the factoring industry since leaving university, Edward is one of the most experienced and well qualified factoring experts in New Zealand. Edward has played a critical role in the growth of factoring in New Zealand, having been involved in several start-up factoring companies and holding senior roles in most of the well-known factoring companies. Working Capital Solutions is the outcome of Edward’s keen interest in the industry and his diverse experience.
“Our service focuses squarely on the smaller SME’s who benefit most from improved cash flow using their main asset, unpaid invoices. We have the advantage of extensive experience and cutting edge software that provides real time transparency through a unique online client interface. Our key sectors of, wholesale, services and transport offer immense scope, and we will not restrict ourselves in a geographical sense,” says McKee Wright.
Cash flow would seem to be the biggest issue for small businesses, with payment times the determining factor of success for many. As 90% of New Zealand businesses turn over less than one million dollars and employ less than five people, these businesses are generally overlooked by traditional finance companies and banks. Working Capital Solutions specialises in small businesses and they have realistic expectations and make the finance process a simple one for the small business. Working Capital Solutions focus on a small business’s invoices. The business does not need to own property and the team at Working Capital Solutions are able to fund new businesses or fund companies out of distress. If all information is available they can usually provide funding within 48 hours of the application. Working Capital Solutions is privately owned and managed so they can provide realistic solutions without the red tape usually involved with larger lending institutions. Edward and the team are proud of the service that they are able to provide and are in the business of assisting small enterprise with its funding requirements.
For further information on Working Capital Solutions, please visit their website at http://www.workingcapital.co.nz.