Line of Credit
Client is a family run business which has been operating for many years, in more recent times the parents have transitioned out of the business and it is now run by two brothers.
The client contacted their broker, who in turn contacted their Moneytech BDM. The customers problem is a common one: the business cash flow could not keep up with the company growth and other finance products did not suite due to security requirements. The customer needed a facility set up quickly and easily to pay sub-contractors and purchase supplies for an upcoming job.
Moneytech provided the client with a $200,000 Line of Credit Facility. The facility met the clients objective of being able to have confidence to grow the business without real estate security, lock in contracts or early terminations fees.