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How TFP facilitated Inventory Finance for a steel product importer

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Provided by: Trade Finance Providers

7/03/2007 - A client based in Westen Australia , importing steel products and who had been in business for a number of years –had an existing bank loan with a major Australian bank.

The bank had filed a fixed and floating charge over the business as security for the loan . The client approached his bank for an inventory finance facility , but was told that there was no further security available against his assets .

The client then approached two other Inventory Finance companies in the marketplace , but both required that the bank loan been repaid first before they could provide a loan as they would need to be in first  position , via a charge over the business ..

The client contacted TFP –that was able to secure a $500k  USD  line , without filing a charge over the company and without property security , for a period of 120 days .

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