Home' Border Enterprise : July 2014 Contents JULY 2014 ENTERPRISE DIRECT 35
A NEW financial service on the Border will enable
businesses to significantly improve their cash flow.
For the first time, First Class Capital (FCC)
has a presence in the Albury-Wodonga and
FCC is an independently owned finance
company, providing unique and innovative
financial solutions to the small to medium
enterprise (SME) market. Their products and
services are delivered through a franchisee
distribution model ie. people not branches.
First Class Capital is focused on helping small to
medium businesses grow, increasing their sales
and boosting their cash flow. First Class Capital
is offering opportunities to the SME market that
aren't available through banks and other financial
Following 10 successful years of operating
Busy Bookkeeping - Ovens & Murray (a part of
the First Class Financial Group), the directors
Renae and Edward Pitargue have expanded and
established First Class Capital -- Ovens & Murray.
"Being part of the First Class financial group, we
were exposed to the First Class Capital franchise
and its unique financial solutions," said Renae
"We thought this would be a good fit for our
existing business. We understand the needs of
"What attracted us to First Class Capital is its
unique product called Sales Plan and Receivables
Capital or SPARC," said Edward Pitargue.
"It's a product that offers benefits to both parties
in a commercial transaction. As a small business,
imagine being able to offer your customers
payment terms while being able to access that
The applications of First Class Capital products
and services are endless. Manufacturers, retailers,
tradespeople, industry associations and others
have already benefited, with more than $13
million in provisions requested since the launch
only a few months ago.
First Class Capital CEO, Brad Prout, said "Nearly
all small businesses can benefit from boosting
"First Class Capital's SPARC product delivers
upfront working capital. It also arms SMEs with
a competitive advantage by allowing the seller
to offer their customers extended instalment
payment terms of up to 10 months."
First Class Capital's suite of financial products is
managed through a secure, proprietary web based
trade portal which offers clients a full end-to-end
system and access to credit management tools.
"That's another great feature that attracted us,"
Renae Pitargue said.
"We provide clients information - typically only
available to financial institutions - to effectively
manage their credit risk."
Frank Pugliese, FCC National Franchise manager,
is keen to support the emerging regional
"We are eager to spread the First Class Capital
brand and products outside of the metropolitan
centres," he explained.
"Small businesses face the same problems
regardless of where they are located. We know
through various research that cash flow and
access to working capital continue to be major
concerns of SMEs."
First class financier will spark
than just mowing!
Insurance / Workcover jobs
Body Corporate work
• Police Checked
• OH&S Compliant
Edward and Renae Pitargue.
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