Signosaur is a small company, based in Brisbane, providing printing and signage services to businesses all over Australia. Founded in 2017 with a $100 initial investment, the business has grown steadily over the last seven years. But the small amount of start-up capital, coupled with difficulty obtaining funding for necessary upgrades, created significant cash flow challenges.

“If you’re building a business with no capital, trying to grow is near impossible,” explains Robert Penn, Managing Partner at Signosaur. “The biggest thing was trying to get our hands on as much debt as possible so we can grow to become a national supplier. The juggle has been difficult.”

To stimulate growth, Signosaur needed access to a fast, flexible funding solution that functioned like a line of credit, effectively giving the business cash on call for all future needs, without the need for property security or principal repayments.

Ejhay Dawaweng of Valiant Finance has been working with Robert for four years. He knew that Signosaur needed a long-term funding solution to achieve its full potential.

“We wanted to tighten up the screws and clean out the lines,” says Robert. “We needed the consistency and flexibility of a line of credit but couldn’t get one.”

After doing some research, Ejhay connected Robert with ScotPac’s new Cash Line product, which works like a flexible line of credit, giving businesses access to a fixed-limit of up to $250,000 over a minimum 12-month period. It was exactly what Signosaur needed.

“I feel more in control [of my finances] for the first time, instead of being at the mercy of everyone else,” says Robert. “We can go into the Portal and take as much or as little as we need to keep moving. The whole process is so smooth.”

Obtaining finance can be a stressful situation for business owners. But Robert says that the dealings with ScotPac couldn’t have been more different.

“The whole thing was great. Dealing with everyone on the phone was easy – they asked all the right questions. I will definitely be recommending Cash Line, that’s for sure.”

Robert was particularly impressed by the expertise and efficiency shown by the ScotPac team. Each conversation was practical and left him feeling like they genuinely cared about and understood his business, as well as his long-term goals for growth, which, thanks to Cash Line, now include franchising the business throughout Australia and New Zealand.

“We had been trying to secure a line of credit [from other lenders] for over five years… but didn’t fit their checklist requirements,” Robert explains. “ScotPac’s approach focused on our potential… and we had preapproval that afternoon. We were blown away.”