wholesale bakery

requirement

$250,000 Trade Finance, $500,000 Invoice Finance & $250,000 Equipment Finance

facility

Trade Finance, Invoice Finance & Equipment Finance

client background

An established bakery company based out of the UK decided to expand their operations to Australia, identifying a gap in the dietetic market. The director had worked across various continents with over 30 years of experience in the bakery industry winning various food technologist awards. The business began in 2020 by designing and building a start-of-the-art gluten-free dedicated facility with over 9000sqm manufacturing and warehousing space.

client challenge

The business has four brands in the market, all with very aggressive growth plans. As the business begins to embed itself in the Australian market, the parent company decided it was time the business became financially self-sufficient. Growing a business and building brand awareness takes cash and the ability to crack the major retailers, the business must be able to provide trading terms. The difficulty faced by the client was the security available to provide funding where second-hand manufacturing machines and servicing were based on forecasts rather than historical data.

moneytech's solution

A finance broker discussed the scenario with Moneytech, identifying the need to leverage multiple facilities to provide the company with enough liquidity to take on all opportunities presented to them. Initially, the clients pressing need for working capital was to purchase ingredients to fulfil signed contracts. Our solution was two-pronged, we provided a $250k Trade Finance Facility to assist with the purchase of raw materials coupled with a $500k Invoice Finance Facility for additional working capital requirements. Once established, we were able to provide an additional $250k Equipment Finance Facility to assist with the purchase of further machines to scale their operations. Since settling the facility, the company has continued to grow and is looking for joint venture and business acquisition opportunities.

Back to top

data aggregator

🌖

medical industry

🌖
*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