client background

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.

client challenge

The business needed additional cash flow support to pay suppliers and contractors.

moneytech's solution

Moneytech provided a Trade Finance Facility for an additional $200k with an aggregate limit of $450k to ensure that the customer gets enough cash flow to pay suppliers and grow their business.