client background

As a rapidly growing business, a working capital facility is critical to support business growth. Their sales had not been materially disrupted by Covid-19, however, their supply chain had been disrupted, with the lead times for their product being available varying wildly.

client challenge

The business contacted Moneytech seeking working capital support to enable larger levels of stock to be held.

moneytech's solution

Moneytech provided a $900k confidential Debtor Finance Facility at a 90% advance rate, and $600k Trade Finance Facility, both supported by Stage 3 of the SME Government Guarantee Scheme. The client now carries more stock to ensure they have continuity of supply. The stock they acquired is their fast moving lines, if they are out of stock, the sales will go to competitors, so the client is confident they can continue to meet the requirements of their customers.