Case Study One
Please read on to view two practical examples of how SPEEDLINK can facilitate and grow your business by ensuring your cash flow is not impacted by importing stock.
Never worry about cashflow again
IMPORT TRADE FINANCE LOAN
Importer: Furniture Importer, Melbourne / Commercial Invoice value: USD 45.000 / Payment terms: 100% paid to the supplier at the time of placing the order
Company a in Melbourne, imports furniture goods from Taiwan, the importer does not want to pay the supplier upfront because:
one. Goods need to be sold firstly (average of 134 days to sell) and two. Cashflow constraints impact on business growth.
and payment of wages, expenses, BAS, etc. The supplier on the other hand has strict payment terms,
proforma invoice has to be paid in full by importing company on all orders placed. The supplier uses this money to:
one. Purchase raw material and two. Pay wages, expenses, etc.
The SPEEDLINK Solution
SPEEDLINK pays the supplier on behalf of the importer, cash flow isn't impacted.
Proforma invoice due for payment
Bill of landing dated
Commercial invoice issued
Ship arrives in Melbourne
Tax Invoice issued to customers in Australia (Debtors) in AUD,
due day 134 from order placed
Case Study two
The franchise revolution. Speedlink requires no repayments until your goods are sold
The Franchise solution
Importer: Franchisee, Perth / Commercial Invoice value: INR 3.500.000 / Payment terms:100% paid to the Supplier at the time of Shipment (Bill of Lading date)
A Franchisor has contracted SPEEDLINK to manage all aspects of the import of the product for their 137 Retail stores around Australia. SPEEDLINK receives orders through the online portal for stock directly from the individual retail stores (Franchisee) and then SPEEDLINK deals directly with the supplier factories to order the product.
SPEEDLINK pays the Suppliers directly by offering a Trade Finance loan and as shown in this case study below.
SPEEDLINK will finance the shipment of stock until the retail store (Franchisee) has sold the product.
This is an end-to-end cash flow solution!
Trade finance from date invoice is due until goods are sold.
Proforma invoice signed and terms and conditions are agreed
Bill of landing dated/ commercial invoice issued
Payment to the supplier effected for INR 3.500.000 (approx. AUD 72.000)
Ship arrives Perth
(assuming shipment is direct)
Retail stores (Franchisee) receive goods
All stock is sold
SpeedLink Trade Finance is repaid