Line of Credit
Moneytech's new customer is one of Australia’s most recognised beard products brand. The businesses key focus is creating the highest quality beard care and grooming products which are sourced and made in Australia.
The business wanted a cash flow facility that better matched its current trade terms with debtors 30-days EOM. In addition, the business recently signed a national level supply agreement, which meant that it required a cash flow facility that would assist their growth.
A Line of Credit was quickly structured to cope with the increasing demand of their products while also allowing them to provide better payment terms to their customers.