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.
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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.
■ 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
■ 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.