Confidential Debtor Finance Facility, Trade Facility & Equipment Finance
Starting on their own four years ago, our client secured new fast growing contracts offering construction and earthwork services. The directors past experiences allowed them to hit the ground running and build their business quickly.
The growth and purchases of equipment were initially self-funded. To enable further growth the client sought assistance from a financier who provided a conservative facility. This helped in the short term, however, within six months the client approached Moneytech for a more competitive solution and a larger limit.
Moneytech structured a $3m package which included 1) a confidential Debtor Finance Facility to improve their working capital position and refinance their existing lender, and, 2) a Trade Finance Facility to smooth out the large upfront costs associated in their industry, and, 3) an Equipment Finance Facility to facilitate new purchases to target new contracts and diversify revenue streams. The package gave the client the flexibility to grow and confidence to take on new contracts. The improved working capital allowed the client to keep tighter controls of their cash flow and keep reinvesting into the business, something which was important to the directors. The facilities are simple to use and the smart tech of Moneytech’s solutions were key for the tech savvy directors.