Industry: Medical Equipment
Facility Size: $100K (USD)
This wholesaler of medical and mobility assistance products had been experiencing significant growth. The existing funding lines proved too restrictive and the business was forced to turn down new opportunities. An introduction to Scottish Pacific via a finance broker led to the establishment of a flexible Debtor Finance facility to ensure improved working capital.
Additionally, Scottish Pacific identified that a Tradeline facility could be used to increase purchasing power, pay suppliers upfront and ease strain on cashflow as the business sought to procure more stock from suppliers in China. The client is now able to effectively fund the cost of goods across the entire working capital cycle and capitalise on those pending growth opportunities.