Innovative Funding Proposal for a Custom Built Container Trailer
A Sydney-based container transport company was in need of funding to acquire a larger container trailer, crucial for transporting oversized containers from the Port of Sydney to various customers around the city. This trailer was custom-built for the company and potentially the first of its kind in Australia.
To address the funding challenge, a flexible approach was adopted due to the lack of a sales history for this unique trailer. Since the client was an existing customer, the approval process was streamlined. The only documentation required was the business’s bank statements from the past 12 months, which were securely uploaded through a bank link system. Furthermore, collateral was established using two other container trailers that the client owned outright.
The approval of this funding gave the client a significant competitive advantage. With the new trailer, they can transport containers that other Sydney-based transport operators cannot, thereby enhancing their service offerings and strengthening their position in the market.
KEY POINTS:
Funding of a specialised trailer
Client gained competitive advantage
Adaptable policy matrix
Approval using our bank link system
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