Line of Credit
A 25 year veteran of the industry, our new client needed working capital to operate the business and clear some existing debt obligations.
The customer had several facilities with a number of different providers and wanted to consolidate into one simple revolving facility at a better rate to give flexibility.
Moneytech provided the client with a $250,000 Line of Credit Facility. The facility met the clients objective of being able to consolidate their existing debt facilities into one simple Line of Credit thus allowing them to save money on interest and fees and manage their cash flow better.