Their efforts were in fact recognised when, in 2019, they were named the “Best Exporter in the Small Business Category” at the Malta International Business Awards organised by TradeMalta with the support of HSBC.
When we first spoke to Pet Nutrition House, the business was still very young and had not yet built a solid equity and asset base. Their primary challenge was to source adequate working capital to fund importation of stocks and export of finished products.
Through its Global Trade and Receivables Finance solutions HSBC supported Pet Nutrition House in the implementation of their internationalisation strategy and enabled them to grow their business year-on-year.
Daniela Spiteri, HSBC’s relationship manager commented: “We worked with the customer to understand their needs and their cashflow and provided them with a range of facilities including:
- Structured Trade Finance solutions to finance the importation of pet food from selected suppliers;
- Receivables Finance to provide working capital for their import, export and distribution; and
- an overdraft facility for other working capital requirements.