Trade Finance Facility
With offices based each major city in Australia, our client has enjoyed growth within their business and taken opportunities to acquire additional complimentary businesses. These acquisitions improved and expanded their product offerings which has been critical in allowing them to pivot in a changing landscape. Starting out 15 years ago, our client has grown to delivering signage as large as multi-story buildings and securing contracts with some of the largest construction companies in Australia.
There can be significant lead times involved and large upfront expenses in delivering the product to the end customer, particularly with the larger full building sized contracts. Our client needed to source the materials, quality test it, create the end result, and deliver it to the client. This creates a significant working capital ‘gap’ which Moneytech’s Trade Finance Facility can bridge.
Moneytech structured a $800,000 Trade Finance Facility which provided the client some immediate breathing room with the tightening of the working capital gap. The facility also assisted the business to take on larger contracts, improve their supply chain terms, and assist to streamline and improve the operating expenses. Moneytech’s flexibility, redraw feature and easy to use Trade Facility allowed our client to focus on their business without the burdensome administration and strict amortisation that can be typically found with other trade facilities in the market.