Facility Limit: $400K.
Industry: Pool Accessories.
A well-established, family business found itself evolving from a local manufacturer to an importer/ wholesaler. The change in business model was daunting at first, however it opened up a number of opportunities. A wealth of expertise, industry contacts and product knowledge meant that the organisation's buyers could source various products from China and Italy, giving them a competitive advantage.
Having the best products, generated overwhelming demand from customers. Existing working capital facilities soon proved to be inadequate and the business required additional funding to land more stock. Establishing a Tradeline facility, to complement their existing financing arrangements, gave the owners the ability to capitalise on strong demand leading into their peak season rather than having to turn new orders away.