Introduction The dream of owning and operating a successful trucking business often begins with a critical decision: securing the right financing. When a new owner-operator or fleet manager begins the search for a truck loan, the first number they typically focus on is the interest rate. It’s a natural inclination; we’re conditioned to seek the…
Introduction When it comes to purchasing trucks for your business in Australia, choosing the right truck finance solution is just as important as selecting the right vehicle. Whether you’re an owner-operator, a growing logistics company, or starting out with an ABN, the process of securing truck loans can be complex, time-consuming, and expensive if you…
Expedited Funding for Civil Construction Equipment One of our existing clients, a civil construction company based in Sydney, recently found themselves in need of financing for an additional excavator. This new machinery was essential to seamlessly replace the work previously managed by one of their subcontractors. Given our longstanding relationship with this client, who had…
Work Contract for Westgate Tunnel Project Existing client was in need of funding to purchase an additional Tip Truck required to complete a work contract relating to the Westgate Tunnel Project. Purchase price of the proposed Truck was $170K which meant our clients total aggregate exposure with us was under $500K. This meant we were…
$5M Lending Limit for Qld Based Mining Company North Qld based Mining Company was seeking funding for $5M so they could fulfill a new supply agreement with a large publicly listed Company. We put a master limit agreement of $5M in place so that client could purchase multiple assets under one approved lending limit. Each time…
Acquisition for Family Owned Business The client needed to expand their operations by acquiring an additional Tip Truck and Quad Dog Trailer to fulfill a new contract with Holcim, an important partner in their business. This expansion was vital for maintaining their reputation as a reliable subcontractor within the Holcim fleet. To address this need,…
Finance of Older Prime Mover and Low Loader Trailer A construction business needed funding to acquire a Prime Mover and Low Loader Trailer, essential for transporting a Sumitomo Excavator between job sites. The client previously relied on external contractors for transportation, which resulted in high costs and limited control over scheduling. The primary objectives were…
Trade-In Existing Prime Mover for a New Mack Super-liner A client looking to trade in their existing Prime Mover for a new Mack Super-liner faced a challenge due to negative equity; the trade value of the current truck was insufficient to cover the outstanding loan balance. However, with creative financial adjustments, we successfully addressed this…
Private Funding Solutions for Excavator Finance The client faced challenges in securing funding from traditional lenders due to a swift expansion in their business operations, which led to a ceiling in their maximum lending threshold. To address this, we crafted a tailored lending solution in collaboration with one of our private lending partners. This innovative…
From a Single Truck to a Fleet of Truck and Trailers Our client set out to become an owner-driver with Ceva Logistics, aiming to secure financial approval for their first truck. This was not just a purchase; it was a significant step toward establishing themselves in the transport industry. The truck they wished to acquire…
