client background

A well-established fishing business operating in Northern Australia. The business was experiencing growth and was looking for finance to acquire a new fishing vessel and expand its business and tap into major Australian supermarkets.

client challenge

The business needed finance for acquisition, purchase of the new vessel, and buying additional stock.

moneytech's solution

With our Equipment Finance Facility, the business was able to acquire a new vessel and expand the processing side of their business and expanding into the local seafood market which presented great opportunities for the business to tap into major wholesale markets and supermarket chains in Australia. Our Line of Credit Facility further aided the acquisition as the business was able to purchase stock and manage its cash flow.