Refinanced to double its trade finance facility to support business growth
Trade Finance Facility
Key Outcomes: Client approached Balanz after their incumbent bank would not support an increase of its existing Trade Finance Facility (being $1M), thus significantly restricting planned business growth. We assisted in the preparation and presentation of their financial forecast to demonstrate 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 (a $2M facility).