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FSA GROUP LIMITED — Capital/Financing Update 2013
Jun 30, 2013
64948_rns_2013-06-30_4633dfa2-136a-4d62-864c-cea373baaf40.pdf
Capital/Financing Update
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FSA GROUP LIMITED
1 July 2013
Westpac increases and renews factoring facility
FSA Group is pleased to announce that Westpac Banking Corporation has increased its factoring finance funding facility from $25 million to $35 million. The facility has also been renewed for a further term until 28 June 2015.
Executive Director Tim Odillo Maher said “We have grown our factoring loan pool to around $24 million. The recent facility increase will enable us to continue the growth of our factoring finance lending activities to our small business clients. We are targeting a loan pool of $45 million to $50 million over the next few years”.
On behalf of the Board Don Mackenzie Company Secretary
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FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000
Phone: 1300 660 032 Fax: 1300 660 050
ASX Code: FSA