Oz Nature is a NSW-based wholesaler of chilled and frozen meats, specialising in high quality wagyu beef.
Established in 2004, Oz Nature’s founders noticed a growing demand in South Korea for Australian wagyu beef, which was going unfulfilled due to a lack of a steady supply chain.
Oz Nature exports its products solely to South Korea, where they are distributed to wholesale customers like department stores, restaurants and butcheries. The company has created an exclusive brand for the Korean market, ‘Oz Nature Wagyu’, while its other products include a wide range of chilled and frozen beef products.
All of Oz Nature’s products are 100 per cent Australian and are primarily sourced from Queensland-based beef producers.
While Oz Nature has been successfully exporting its meat to South Korea for over a decade, the business needed additional working capital to fund a rapid increase in client demand. These funds would be used to pay for increased orders from suppliers, and to keep shipping and distribution running smoothly.
Oz Nature was unable to secure finance from its bank, due to the size of its business and the lack of security available, which are challenges that many SME exporters face.
Efic was able to provide Oz Nature with a A$400,000 export working capital guarantee in support of its export contracts into South Korea.
This guarantee allowed Oz Nature’s bank to approve the finance that the company needed to keep up with demand and allow the export business to continue growing.