A business that imports product from overseas needed to pay for stock they ordered before it could be shipped.
Their cash flow limitations prevented them from making large orders, leading to the necessity of air freighting the stock, which incurred significantly higher unit costs. The business sought a solution that would enable larger orders suitable for standard shipping, thus avoiding the more costly air freight option.
Moneytech provided a $750k Trade Finance Facility that allowed larger orders to be placed and goods to be shipped rather than using air freight. In addition to the lower transport costs, the client was also able to negotiate a better price with the larger order sizes. After funding costs are accounted for, the client improved their profitability by $150,000!