fashion industry

requirement

$250,000 & $90,000

facility

Line of Credit

client background

An innovative fashion business that offers contemporary fashion, affordable luxury apparel and accessories internationally. The business has two components - one side designs white labels and wholesales to major Australian retailers, and the other wholesales directly to small retailers. Its annual revenue is about $5 Million.

client challenge

The business wanted to increase its orders from suppliers to expand its range but needed to ensure enough working capital to pay its overseas suppliers upfront whilst they provided their Australian clients with payment terms.

moneytech's solution

Moneytech provided a Line of Credit Facility for each business to allow them to purchase the stock they needed in order to increase their stock range. On each drawdown and payment to their domestic and international suppliers, the business is given up to 120-day repayment terms to boost their working capital cycle.

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