Up until it began exporting, Easy Signs had only ever needed to use equipment finance to fund its operations. When considering its options for its overseas direct investment, decisions were made around whether investors would need to be brought in for more capital base or whether the business could finance the expansion from existing cash flows.
Co-Founder and Director, Adam Parnell explained that it was difficult to secure finance from traditional lenders as they were looking to buy assets offshore, which is when the team approached us at Export Finance Australia.
We provided Easy Signs with an Overseas Direct Investment Loan to set up its operation in the US. The finance supported Easy Signs with the cash flow it needed to grow and enabled the acquisition of the lease for its US factory.
“The finance provided by Export Finance Australia was incredibly important. We basically wouldn't be doing this project without it. It was all about creating certainty, making sure that if the business was growing faster than we imagined, we'd be able to acquire the assets that we need.”
Adam Parnell, Co-Founder and Director
If your business needs a cash flow boost or help to secure additional bank finanace, then we might have a solution for you.
We may be able to support with finance if your business has:
• an ACN registration
• two years of trading history
• an annual turnover over $250,000
• demonstrated profitable operations.
Unfortunately, we're unable to assist start-ups or sole traders.
Two-thirds of Australian businesses are looking to expand into Southeast Asia, Europe or North America*. If you're considering these markets, it’s helpful to understand the opportunities and challenges that may come your way.
Our eBook will help you understand:
*Findings from internal research.
Download your free copyGet in touch with one of our export finance specialists to see if our finance solutions are right for your business.
Alternatively, call us directly on 1800 093 724.