Industry: Refuelling tanks, generators and hire equipment
Facility Limit: $75,000
Our client is predominately a self-funded business that operates in wholesales and hires out refuelling tanks, generators and associated equipment to SMEs across Western Australia. A one off opportunity came up for them to purchase equipment from a domestic supplier based in Victoria at an advantageous price, which would allow them to presell equipment immediately. Unfortunately, they were not able to free up enough working capital to cover the purchase of these goods.
A Tradeline facility was introduced via their finance broker, and with this in place, the client was able to maximise their working capital and access funds in order to pay the supplier upfront to secure the goods. This meant our client was then able to purchase and sell the equipment at a significant margin, thus assisting with the growth of the business.