Domestic Trade Finance
A well-established Queensland based residential builder that has completed over $1 Billion in residential property projects in the past ten years. This growth has been historically self-funded but the client was in need of further working capital to support further expansion.
The introducer contacted Moneytech seeking a Trade Finance Facility to make payments to domestic suppliers. The businesses existing working capital arrangements were insufficient to meet funding requirements during growth and their bank was unwilling to extend financing facilities beyond current limits.
Moneytech provided a $2m Trade Finance Facility that allows the business to continue to grow. The client can now take advantage of early settlement discounts on offer from its suppliers. Additionally, the client was particularly pleased with Moneytech’s pay as you go fee structure which only applies when the facility is in use, thus allowing close management of financing costs as they continue to grow. This facility was established without the requirement for property security, which was another positive outcome for the client.