Product release: Standby Trade Line of Credit (LOC)

Product release: Standby Trade Line of Credit (LOC)

We’ve been busy testing new trade facility variations with a number of clients and advisors.

Demand for a line of credit to pay suppliers with no repayments during the term has been received very well and attracted a number of broker partners to offer our non-advertised product to prospects. 

Typical supply chain Stak provides funding for

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Stak‘s “Standby” Trade Line of Credit enables SMEs to draw funds for non-presold inventory purchases from local or overseas suppliers.

Product Highlights:

■ 90-day (+90day rollover) standby revolving trade facility

■ No progress or repayment schedules required

■ Facility sizes up to $2 Million (secured)

■ Works alongside existing bank or non-bank lending facilities

■ No pre-sales of inventory/stock required

Client type:

■ Must be incorporated “Pty Ltd”

■ Australian resident

■ Startups welcomed

■ Credit impairments and tax arrears welcomed

■ Must own property or provide third-party guarantor 

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Need help raising capital for your business? Ask Stak.

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We regularly share our thoughts on trade finance, lending, company culture, product strategy, and design.

Stak works with clients that sell to some of the largest buyers in Australia & overseas.

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