One of our Sydney based Civil Construction clients required funding for an additional excavator needed to replace work completed by one of their subcontractors. This client had funded various machines with us in the past, which meant we had all of the appropriate information on file in order to issue an unconditional approval within 24…
Client was seeking finance to purchase an additional Tip Truck required for work on the Westgate Bridge Tunnel Project. Purchase price of the proposed Truck was $170K, however clients total aggregate exposure with us was still under $500K. This meant we were able to provide unconditional approval under our NO DOC POLICY (no financials) even…
Northern Qld based Mining Company was seeking funding for $5M so they could fulfil 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. Every time client finds a suitable asset, they send us…
The client required an additional Tip Truck and Quad Dog Trailer in order to take on an additional work contract with Holcim. On the basis that the proposed Truck and Trailer was an additional combination, income to service the proposed Truck and Trailer had not filtered into the current year’s financial statements. Our solution to fund…
Existing customer required funding for a Prime Mover and Low Loader Trailer required to float his Sumitomo Excavator from job to job. Client had previously relied on other contractors to move his Machine, but was incurring high transport costs and did not have full control over when his machine could be moved to the next…
Client sought to trade in existing Prime Mover for a new Mack Superliner after 2 years into the existing loan contract. This meant negative equity was evident – ie trade value of existing Truck was insufficient to payout existing contract. However, with some creative working on the final numbers, we could mitigate this negative equity…
The client could not obtain funding with mainstream lenders due to a rapid increase in business operations – which meant the max lending peak had been reached. We were able to structure a unique lending facility with one of our private lending partners, allowing client to secure 3 large sewer works contracts with a large…
Client was seeking a finance approval to purchase their first Truck on the basis of becoming an owner driver contracting to Ceva Logistics. The proposed Truck came with a work contract from Ceva, carting vehicles out of Brisbane and north along the east coast of Queensland. We provided funding for this customer with a 20%…
A new customer came to us with an urgent scenario that required them to purchase a Prime Mover required to replace their current Truck that was destroyed in a fire. The challenge on this application, was that client had only been operating as an owner driver for 6 months, which meant we could not fit…
Over the last 16 years, we have had great pleasure in dealing with a Scone based Horse Transport Business – funding their very first right Truck through to expanding the fleet up to 10 Trucks and growing. Based on the size of their fleet and a long time in business, we can approve all client…
