Industry: Industrial Trailers.
Facility Limit: $150K.
A significant increase in demand for its hire trailers created an opportunity for this longstanding agribusiness company to set up a new venture, focussing on the import and manufacture of trailers ranging from tippers to tri-axle dollies. As the business continued to grow, the owners scoured trade fairs in China to find a suitable supplier for new product lines. Once the desired provider was identified, Scottish Pacific’s China-based staff helped to negotiate payment terms and accommodate the supplier’s requirements. Tradeline was then utilised to cover the payment upon shipment in order to import products into the country.
A Tradeline facility provided access to cash in order to pay the overseas supplier and was approved within a short timeframe. A strong relationship between Scottish Pacific Trade Finance and the organisation’s finance broker, built on the success of past referrals, provided further reassurance.