Working Capital Solution
$500,000 Trade Finance
The business has a long trading history of supplying superior quality metals for construction, packaging and other purposes.
The business was losing sales opportunities due to the inability to fund invoices when importing stock. Increasing prices and a slower supply chain with interruptions and longer shipping times meant having stock in hand was critical. Thus the businesses needed working capital to grow!
Moneytech offered a Trade Finance Facility with a 120-day term which enabled the client to quote on more jobs. They have incorporated the facility costs into their quoting model, so their margins are unchanged. This streamlined their business growth.