Sun Up Supplies have designed a superior quality fertiliser product and established a sales team of 57 reps who directly attend to farmers, receive deposits and contracts to supply. Sun Up Supplies then have the product manufactured to specification. To achieve this significant deposits must be paid. The company is established for 4 years but needs Funding URGENTLY for deposits for large orders.
A colleague who has a separate distribution network had agreed to work with the company to start a factory. Sun Up Supplies has purchased the land and commenced basic infrastructure ($350k US invested) and then her colleague had issues and could not supply funds for construction and equipment. This has created a disastrous situation where Rung has not been able to now find the CASH reserves to pay for the deposits. She has paid significant amount which has included a SHORT TERM loan that was to be refinanced earlier.