Case Study: Food Services

Small Business Loan: Food Services

Total Loan: $20,000

Monthly Turnover: $125,000

Purpose: Purchase stock

Comments:

This Melbourne based specialty coffee and quality food services provider required quick funds to purchase and secure green beans for roasting before a scheduled price hike.

They roast their own coffee beans, selling online and wholesale. They also export to South Korea and China. As green coffee bean prices are consistently rising with supply chain issues and inflation, this business wanted to pre-purchase stock before a scheduled price hike.

After providing 6 months of bank statements this business was approved and funded within hours for a $20,000 unsecured business loan over a 12-month term.  

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