Line of Credit
Our new client was experiencing significant growth with an influx of new contracts, however, as they did not have an effective working capital solution in place the business was struggling to execute on these growth opportunities.
The business contacted Moneytech seeking a simple cash flow facility where the client could use the revolving facility to purchase data from other companies to package with their own analytics software, increase their software licences, and fund more software engineer sub contractors to help fulfil the new contracts.
Moneytech provided a $250,000 Line of Credit Facility. The Line of Credit was quickly structured and set up so the client could react quickly to the changing marketplace and ensure delivery of the new contracts they had won allowing them to provide better payment terms to their customers.