Project Background
Bright Agriculture had secured a lucrative supply contract with a national supermarket chain but lacked the capital to purchase new irrigation systems and expand their production capacity. Due to seasonal income fluctuations, traditional banks hesitated to approve financing without extensive documentation.
An agricultural business needing capital for farm expansion and new equipment purchases.
Objectives
The farm needed a fast cash injection to purchase essential equipment and boost production in time to fulfill their supply commitments. Delays in funding would have put the contract at risk, causing significant revenue losses.
Key Features Delivered
Speedy Finance provided an Alt Doc second mortgage, leveraging the farm’s existing property to unlock capital quickly. The process required minimal paperwork, ensuring the funds were available before peak planting season.
Results
With the new equipment in place, Bright Agriculture successfully aims to meet their contractual obligations, expanded their production, and forecasting profits by 30% for the first quater.
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