Our customers come from every industry and business size. See how we have helped these customers enable their business.
Mining services business that specialises in hiring plant into open-cut mines throughout Australia. The client is presently 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.
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 & 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.
A 20 year old business based in Brisbane had their sales volumes decimated by covid, with sales down up to 90% in some months as their client base deferred expenditure. Thus 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 needs working capital access.
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.
An experienced operator within the industry had established a new business that has 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 rapidly growing business based in Brisbane that commenced trading in 2018. As a rapidly growing business, the working capital facility is critical to support the growth. Their sales have not been materially disrupted by covid 19, however, their supply chain has been disrupted, with the lead times for their product being available varying wildly.
Our client commenced trading 4 years ago and has been building their own brand in the food manufacturing industry. For the last 2 years the business has invested in acquiring further branding and PPE to expand their wholesale manufacturing, win new contracts and continuing to advance their retail product offering.
Commencing 3 years ago the business experienced early and exponential success. The business enjoyed the support of some major Chinese suppliers who provided this business with exclusivity in distributing their products throughout Australia. Unfortunately, with the onset of COVID and its impacts on the market here in Australia, this business slowed significantly and actually shrunk.