$4m Debtor Finance Facility
The business has been trading for over 20 years. They are approaching a significant growth phase in the business after securing a distributorship for a new product line.
The new distributorship required increased access to cash, both against debtors and for goods to be shipped to Australia. The introducer contacted Moneytech seeking a larger Debtor Finance Facility and increased advance rate to create more available funds. To meet the full requirement, a solution was provided in conjunction with a Large Bank provider that supported the import requirement.
Moneytech provided a confidential Debtor Finance Facility that allowed the business to continue to grow and take advantage of further opportunities. The client was pleased with Moneytech’s pay as you go fee structure and ability to work alongside the Bank solution to provide an excellent overall solution.