Video Case Study: The Australian Boating Business That’s Making Waves

Ryan Short owns and operates Short Marine, a boat dealership business based in Sydney’s picturesque Middle Harbour.

For three generations, the Short family have been propelling the boating industry into the 21st century, always looking for new opportunities to build the ultimate boating experience for their customers.

Ryan has continued this legacy, sharing the same drive to see his business make an impact.  

“I’ve grown up boating since I was five years old,  so I just love working on the water every day and dealing with customers with the same passion for fishing and boating.”

Spotcap helps business owners like Ryan access the funding needed to pursue their vision. Hear first-hand how a Spotcap loan allowed Ryan to expand his business and boost cash flow:

 

 

When opportunities for growth arose, he found applying for a loan with a traditional lender extremely challenging. According to Ryan, he was turned down due to the “businesses age and being in the marine industry, which the banks aren’t too fond of financing.”

Luckily, he was introduced to Spotcap and our finance allowed him to capitalise on some exciting opportunities, in a fraction of the time.

For three generations, the Short family have been propelling the boating industry into the 21st century, always looking for new opportunities to build the ultimate boating experience for their customers.

“Within 48 hours we not only had an answer that yes, a loan was possible, but it was also all approved and good to go,” Ryan said.

How were the funds used? Being a full-service and sales company, Ryan invested the funds in both areas of the business.

Their flagship boat brand, Grady White, is based in the United States, so orders can take over four weeks in transit before the end customer pays. Spotcap was able to cover the cash flow gap involved with these large purchases, taking the stress out of their daily finances.

Spotcap’s facility also improved the day to day functionality of the service side of the business. Ryan says he was able to “fund and take on bigger jobs, put on more staff, buy the right materials, machinery and equipment,” which gave him the peace of mind and capacity to take his business to the next level.