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With offices based each major city in Australia, our client has enjoyed growth within their business and taken opportunities to acquire additional complimentary businesses. These acquisitions improved and expanded their product offerings which has been critical in allowing them to pivot in a changing landscape. Starting out 15 years ago, our client has grown to delivering signage as large as multi story buildings and securing contracts with some of the largest construction companies in Australia.
An experienced operator within the industry had established a new business that had been trading for 18 months and needed working capital to operate and support the growth in the business. The introducer contacted the BDM directly. They are familiar with debtor finance facility and knew the solution would work.
A 20 year old business based in Brisbane had their sales volumes decimated by Covid-19, with sales down up to 90% in some months as their client base deferred expenditure. This resulted in good historic profitability being replaced by a significant loss in FY21. The June quarter saw the business rebound, with July continuing the trend of improved performance. Re-entering a growth phase, the client needed working capital access.
Commencing three years ago the business experienced early and exponential success. The business enjoyed the support of some major Chinese suppliers who provided the business with exclusivity in distributing their products throughout Australia. Unfortunately, with the onset of Covid-19 and its impacts on the market here in Australia, this business slowed significantly and actually shrunk.
The client was acquiring a well established business with a long trading history and wanted to use the business assets to help acquire the business and have working capital facilities to meet the ongoing trading requirements. The client complied with the relevant legal requirements to use business assets to assist with the finance.
Our client commenced trading four years ago and had been building their own brand in the food manufacturing industry. For the last two years the business had invested in acquiring further branding and PPE to expand their wholesale manufacturing, win new contracts and continued to advance their retail product offering.
A mining services business that specialises in hiring plant into open-cut mines throughout Australia. The client was experiencing significant growth due to strong activity in the sector throughout certain regions. For several years Moneytech has been providing a Trade Finance Facility to the client to support the purchase of new machinery from local and international suppliers. This Trade Facility sits outside of the core banking arrangement that this group has.
20+ year old recruitment and labour hire firm that specialises in the placement of legal professionals in to government departments. The client had recently sold of one of its subsidiaries and moved premises, resulting in significantly leaner business model with a vastly different capital structure.