Facility Limit: $300K.
Industry: LED Lighting.
Surging demand in the LED lighting sector, fuelled by government rebate incentives, presented a big challenge for this well-established wholesaler of commercial and domestic lighting products to meet extraordinary levels of orders.
After scouring the market to source quality, Australian products from local suppliers, the business was tight on cash as their existing, secured working capital facility was at its limit and the lender couldn’t provide any additional support.
A flexible Tradeline facility was established to sit alongside existing finance arrangements; providing additional funding to assist in the purchase of stock from Australian-based suppliers.
This meant that the business was able to take full advantage of the strong levels of demand by having stock on-hand, ready to sell rather than being held up in transit or supplier warehouses.
A case of the lights being on… and everyone’s home.