Project Background
Aus Design saw an opportunity to purchase inventory in bulk at a discount ahead of the holiday season. However, their cash flow was tied up in existing stock, and traditional lenders couldn’t approve funding quickly enough. Missing out on this stock order would mean losing revenue during their busiest period.
A retail business requiring capital to purchase stock ahead of peak shopping season.
Objectives
The business needed a fast and flexible financing solution to secure bulk inventory at discounted rates, ensuring maximum profit margins during the peak shopping season.
Key Features Delivered
Speedy structured a Lite Doc second mortgage loan, using the owner’s residential property as collateral. The loan was approved and funded within five business days, allowing the business to take advantage of the bulk discount.
Results
Aus Design increased its seasonal revenue by 40%, thanks to well-stocked inventory and competitive pricing. The business was able to repay the loan comfortably after the holiday rush while expanding its product range for the next season.
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