mining

requirement

$500,000

facility

Disclosed Debtor Finance Facility

client background

An experienced operator within the industry had established a new business that had been trading for 18 months and needed working capital to operate and support the growth in the business. The introducer contacted the BDM directly. They are familiar with Debtor Finance Facilities and knew the solution would work.

client challenge

The introducer contacted the BDM directly. They were familiar with the Debtor Finance Facility and knew the solution would work.

moneytech's solution

Moneytech provided the client with a $500,000 Debtor Finance 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. We also provided a concentration to the two largest debtors of 100%. The client took out their own trade credit insurance policy, providing valuable protection to them, taking out the policy saw a reduction in the ongoing fees. By understanding the business and background of the owners, Moneytech was happy to support the business.

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residential construction

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recruitment

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*This information does not take into account your personal objectives, circumstances or needs. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service before deciding whether to purchase them. ABN: 24611393554