Oyster farms are a common sight around our coasts, run by passionate owners. Australia is so lucky to be the producer of the best cultured pearls in the world and the most delectable fresh oysters too.

the client:

South Australia is home to our customer, a cultured pearl and oyster farm that has been in operation since 1977, and is now operated by the second generation. The farm has been providing quality oysters for both local markets and export to other countries.

The business noticed the demand for larger oysters had been growing significantly both locally and internationally. Therefore, to keep up with the market need, the owner wanted to buy 5000 new baskets and asked his local broker to help him with finding the right finance.

thornmoney: that’s how you grow

It is inequitable for well-established businesses to be rejected by moneylenders because the business seeks funding for “unordinary” assets.

Oyster baskets are not a desirable item for many lenders, so the farm’s funding request had been refused by several financial institutions.

However, Thorn recognised that the business had a stable business model and a reasonable business opportunity to grow. The farm had a robust financial status with low debt and good credit history. Besides, although the assets were not especially favourable, they serve the longevity of the company.

As a result, Thorn provided a 5-year loan to cover the $75,000 investment enabling the client to acquire the baskets and to continue building his business.

funding solutions tailored to your business

Agriculture is the backbone of the Australian economy. Hence, no matter how many times you are rejected, there are always possibilities at thornmoney. We can provide loans and also a rental option so you can get a wide variety of new and used agricultural equipment.