Case Study 1.

Industry: Energy Efficiency
Facility Size: $500,000
GrowBiz Trade Solution: Import Trade Finance

The problem

This client provides energy solutions to major retailers and manufacturers throughout Australia with an annual turnover of $8 million. The business imports from China with a 60-day order lead time and can only invoice customers upon delivery. The business needed cash flow to get the stock to Australia with trade finance being the best solution.

The benefits of using Grow

Over time Grow worked with the client to improve the credit terms they received from their suppliers. Grow’s line of credit was used to assist the client by enabling the business to forego the 30% deposit required to commence production and have the cost of the stock paid in full only when it was shipped and the required documentation presented. The client’s cash flow is now much improved and he can focus on maximizing the national roll out of his business.

Why Grow?

The client had been previously funded by the director of Grow Trade Finance’s former business and was confident he would receive the same superior service and funding needed to help his business grow.

 

Case Study 2.

Industry: Textiles
Facility Size: $250,000
GrowBiz solution: Import Trace Finance

The problem

This business is an importer and distributer of industrial grade textile fabric and carpet products to Australia and New Zealand. The owner had recently purchased the $2.5 million turnover business and sought a finance facility to provide cash flow for stock as his finance facilities we maxed out from the purchase.

The benefits of using Grow

By using Grow Trade, the business had consistent cash flow and was able to ensure a smooth transition for customers as ownership changed hands.

Why Grow?

The business chose Grow Trade Finance due to its reputation in the market and its flexible approach to lending. The client’s direct access to Grow’s decision makers meant its facility was set up in days with revolving funds available the same day as receipt of Bill of Lading with 90-day payment terms.

 

Case Study 3.

Industry: Audio Visual
Facility Size: $100,000
GrowBiz solution: Import Trace Finance

The problem

As a start-up audio equipment importer, this business had just secured a contract with a national Australian retailer. However, the owner did not have enough cash flow to source the stock from his overseas supplier. The owner had 5 years’ experience within the industry but little support from financiers without the need for property security. After considering multiple finance offers the business chose a trade finance facility with Grow.

The benefits of using Grow

By using Grow Trade the business was able to pay the supplier to get the stock to Australia and offer 30-day terms to its new customer. With a facility in place and funds available when needed the business was able to secure new contracts with retailers who also have national distribution.The facility has allowed the business to achieve sales in excess of $500,000 within the first 9 months of trading.

Why Grow?

On recommendation from its finance broker, the audio importer chose Grow Trade Finance as it provided them with the most compelling rates and service level offering.

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What do you need to get started?

  •   Have an ABN or ACN
  •   Minimum monthly sales of $35,000
  •   Industry experience or 6 months trading