Industry: Specialised golf buggies
Facility Limit: $100,000 USD
Our client is a designer and producer of specialised golf buggies. The business had invested in 10 years of research and development which was self-funded, but was now ready to commence with sales. However, despite being able to cover the initial deposit to their supplier in China, cash flow was not strong enough to pay the balance to complete the importation and additional funding was needed.
The client decided to contact Tradeline directly, and spoke with our direct sales team about their working capital requirement. A Tradeline facility was set up to quickly pay the balance to their suppliers on the client’s behalf and import the goods to Australia for sale and distribution and provide them with up to 90 days of cash flow support .