Inventory stock finance provides businesses with finance for acquisition of stock for manufacturing or resale to their customers. To qualify customers need to be profitable, well established, have current financials with annual sales in excess of $3 million and be up-to-date with taxation liabilities.
What makes inventory finance different is that stock to be financed does not have to be pre-sold, invoiced or delivered.
A revolving line of credit with facility limits ranging from $400,000 to $3 million with individual draw-downs from $100,000.
There is an interest free period of up to 60 days, with up to 120 days to repay the finance in full.
Real estate security is not required.
