client background

A registered trading company that imports, wholesales and rents out various brands of industrial dehumidifiers, dryers, fans and other products related to water damage and mould remediation.

client challenge

The client was experiencing an uplift in sales due to wet summers along the East Coast of Australia. As a result, the demand for its products significantly increased over 6-8 weeks. Besides, during COVID, the client switched its supplier to a European Manufacturer for quality equipment which called for additional business funds.

moneytech's solution

Moneytech’s Trade Finance Facility was provided for the business to import more stock and meet the increasing demand.