client background

Client is a specialised medical services company that provides medical equipment to a range of local and foreign Government, Health, and Military Departments.

client challenge

The applicant was seeking a funding line to assist the business take further advantage of Government and Military supply agreements, with assets being predominately located on foreign soil. Therefore, achieving funding locally on new assets being situated overseas presented significant issues.

moneytech's solution

Moneytech provided the client with a $1.7m Equipment Finance Facility against its existing range of hyperbaric chambers. Raising capital against unencumbered assets provided the client with the flexibility to utilise the funds as they saw fit without the restrictions placed on where the assets would be globally located without the added requirement for a working capital funding line (Debtor or Trade Finance).