Line of Credit
An Australian-owned and operated 3D Printing business specialising in 3D Printers and related products for the past 7 years. Earning $6 Million in revenue per year, the business has big growth plans to double the revenue in the next Financial Year.
The business sources its products both domestically and from the international market and thus needed a Line of Credit Facility to purchase stock on demand.
Moneytech provided a Line of Credit Facility allowing the business to purchase stock. On each drawdown and payment to their supplier, the business is given up to 120-day repayment terms to boost their working capital cycle.