Balanz is proud to have recently assisted an online retail client to double its Trade Finance Facility with a major bank.
The client – who sources, creates and distributes camping and caravanning products for Australian conditions – approached Balanz after their incumbent bank would not support an increase of its existing Trade Finance Facility, thus significantly restricting planned business growth.
Working closely with our client, Balanz assisted in the preparation and presentation of their financial forecast to demonstrate the growth to date and the business’ ability to service a higher facility.
And, with our understanding of the banking sector, and our networks, we were able to introduce our client to an appropriate banker for this transaction.
The right information was presented in the right way, to the right people.
The result…? The incoming bank could clearly see the capability and professionalism of our client, and quickly gained comfort from the financial information presented. And so together we achieved the right outcome – approval for a new Trade Finance Facility that is double the value of the previous facility.
What does this mean for our client? With settlement last week, they are in a position to start increasing stock to appropriate levels so as to meet demand currently and through the crucial Christmas and holiday season. Our client is excited that now, with this opportunity, they will be able to continue on their strong trajectory of growth.
At Balanz, we are proud to work with exceptional operators such as this client.
Need help to finance your business growth? Balanz would love to help – contact Edwin Jan on 0413 996 480 or Edwin.Jan@Balanz.com.au.
Balanz: Your partner in business finance – www.balanz.com.au – Suite 1/220 Boundary Street, Spring Hill Q 4000