Specialist machines from the USA
| purpose | Purchase and transfer of specialist machinery from the USA |
| loan limit | $200,000 |
| lvr | 100% |
| loan term | 60 months |
| facility type | Letter of credit standard hire purchase |
| interest rate | Fixed for term |
The client was seeking finance to purchase two specialist machines built only in the USA, total facility $200k. A letter of credit was issued to international supplier to assist in the purchase and transfers to Australia.
The facility then converted to standard commercial hire purchase on the machines arrival in Australia.
Balmain were able to secure the import of the machines with two letters of credit as the goods were shipped into Australia on different dates.
The suppliers were so impressed with the service they provided a written testimonial and three more major transactions have proceeded with the client.
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