When a SMME recently secured a private bid to supply and deliver tables and chairs for a major international promotional and events company, it was a breakthrough moment for their business.
The end-client – a global organisation that supports some of the world’s most recognised brands, required a large volume of tables and chairs delivered within tight timelines and to exacting quality standards. For the SMME, the opportunity had the potential to transform their business.
Scope of work: Supply and delivery of promotional tables and chairs
Timeline: 6 weeks from application
Purchase order value: R3,065,800.00
Province: Gauteng
Private or Public: Private
Fulfilling the purchase order required a large investment in materials and labour. The SMME needed over R3 million in small business funding to deliver against its purchase order.
As a small business with no track record of large purchase orders, our client faced a race against the clock – traditional bank loans and credit lines came with lengthy vetting processes that simply couldn’t meet the tight deadline.
Working together, Sourcefin helped our client to take on this massive business opportunity by providing:
Sourcefin provided its client with tailored funding aligned to the contract value and delivery timeline.
Sourcefin enabled the business to secure the items, successfully brand them and confidently take on the order.
More importantly, the project positioned the business as a reliable supplier within the global events supply chain.
Like us, you’re targeting growth. By building a lasting partnership we can grow together. Start growing your business today with your specialist funding partner of choice.
