Sydney based Container Transport business required funding for a larger Container Trailer required to move the larger containers from the Port of Sydney to their various network of customers throughout the City. This Trailer was purpose built for our client and might have been the first Container Trailer of its type ever built in Australia.…
In addition to financing Excavators, we also fund Earthmoving Attachments of all configurations. Melbourne based Civil Construction client required a large Rock Hammer to attach on a Komatsu PC490 Excavator. This Rock Hammer was needed to dig a 100 km sewer line along a corridor of very hard rock based material. A Rock Hammer of…
An existing customer of ours had been driving his own Truck for 3 years and was looking to increase turnover by 25% with the acquisition of a Belly Dump Tipping Trailer. On the basis clients ABN was active for over 2 years and the Belly Dump Tipping Trailer was brand new, we could issue client…
St George based grain contractor had been hiring a Combine Harvester before coming to us for assistance to finance thier own machine. Even though client had been hiring a Harvester, their ABN and GST Registration had been operating for 2 years, which meant we could provide an approval under our No Doc policy. This approval…
One of our Western Sydney based clients required Finance to secure and DAF Truck fitted with a new Everdigm Boom Pump. The complex corporate structure presented by this customer, meant that a complicated set of financial statements needed to be expertly unpacked before an approval could be given to this client. Financials were required on…
Over the last 5 years, an increasing number of customers are applying for finance via online sources. There has been a definite shift from the traditional method of walking into the local bank to discuss funding options as has previously been done for many years. In times past, customers had access to only major lending…
Events of March to April 2020 Recent measures put in place by the Federal Government have not been seen in Australian Society since the Great Depression. Social distancing and the total shutdown of bars, clubs, cafes and restaurants (to name a few) will invariably impose a huge economic cost on many small to medium businesses.…
People should carefully consider the pros and cons of either working for a boss or to start their own business. This article will run through what should be considered before making a decision either way and what steps need to be taken before starting a new business. Pros of Working for a Boss Stable income…
The below work source letter or work intent letter is an example only and does not represent any actual company in Australia. However, finance companies might request a work source letter in the following situations; New start business When an additional truck is being purchased and serviceability is tight based on historical financial statements Please…
In short, the answer to this question is yes you can – BUT it all depends on which financial institution you apply with. Generally, the big four banks would not give a truck loan to anyone that does not own a house, unless the customer is contributing a large upfront deposit (30% or more) or…
