"Funding from Moneytech allowed us to import ingredients in bulk and save a significant amount of money. This helped grow our business substantially." Jay Bonaretti, CEO AminoZ
"We've been working with Moneytech since 2018. There's quick approvals, largely a lack of paperwork and just the general ease of use makes it the go to choice."
"Moneytech team is amazing, we've been with them for three years and saw 30% growth of our business each year" - Lee Hardy, United Food Group
We asked Sunny Gupta and Mithun Mahajan from QLD Automotive a few questions about their business and how Moneytech supported their business to grow.
"Moneytech helped our business grow significantly in the areas of time management, payroll, getting the guys onsite paid on time." Josh Fowler, Director - Drive Personnel
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 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 Facilities and knew the solution would work.
NSW based Food Franchise business with a focus on providing high quality burgers out of large, well equipped stationery food trucks. Other similar food items are available however the main concept is the provision of high-quality American style burgers but based on differing themes from around the world that are highlighted in the business’ ‘Burger of the Month’. The business currently has 6 locations in NSW namely, Windsor, St Marys, Shellharbour, Edgeworth, Haberfield & East Gosford.
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.
An established bakery company based out of the UK decided to expand their operations to Australia, identifying a gap in the dietetic market. The director had worked across various continents with over 30 years of experience in the bakery industry winning various food technologist awards. The business began in 2020 by designing and building a start-of-the-art gluten-free dedicated facility with over 9000sqm manufacturing and warehousing space.
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.
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.
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.
A well-established Tree and Land Management business providing land clearing services to the government and the mining sector. The business uses highly specialised equipment that needs to be imported and fitted and often times requires servicing and upgrading. This can cause a cash flow strain on the business.
An innovative fashion business that offers contemporary fashion, affordable luxury apparel and accessories internationally. The business has two components - one side designs white labels and wholesales to major Australian retailers, and the other wholesales directly to small retailers. Its annual revenue is about $5 Million.
This business was established in 2013 and is proudly Australian-owned and operated. They specialise in providing installation services and distributing finished products and spare parts throughout the country. Their nationwide distribution system ensures that customers from all regions can access their quality products and services.
A well-established Civil and Electrical Engineering business specialising in electrical infrastructure projects like line works, traffic signals, and high voltage installations. The business has previously taken up a $250k Line of Credit Facility from Moneytech and is experiencing growth in business. Their annual revenue is expected to reach up to $10 Million this year.
A civil contracting business on the border of NSW and Victoria found itself with a cash flow gap due to expansion and various pandemic issues. The client had a long track record of success and delivering outcomes for various enterprise and government projects. Due to continued and forecast growth, the group was looking to upsize existing facilities whilst managing the cyclical cash flow nature of its business.
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.