Facility Limit: $600,000.
Our client is an established family-run business that have been providing specialised campervans to the Australian public for more than 30 years. The business boasts a number of products, catering to all budgets.
Our client was looking at alternative trade finance and funding options that would work alongside their existing facilities. Due to the lengthy lead time in completing orders, and the nature of the business' cash cycles, the client required an increase to their existing facility. After approaching the banks it became apparent the banks required more security to establish any additional trade facilities. The client wasn't comfortable providing the additional security required and felt their successful trading history should have been sufficient in securing the additional funding. After all they had been trading profitably and had a longstanding relationship with their bank.
Tradeline was the perfect fit for our client as our facility is unsecured and unencumbered. The fact that our facility required no releases from their bank and no bricks and mortar met all our client's needs.