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 job.
Customer was also seeking to diversify income streams, by branching into Transportation Services during the slow times associated with the Civil Construction side of the business.
Given varying ages of both the Truck and the Trailer, we were able to use our flexible policy matrix to facilitate these purchases within our Low Doc parameters – ie no financials and no bank statements.
KEY POINTS
- Our approval allowed client to mitigate reliance on third party contractors
- Diversified clients income stream as he can now offer transport services to other Earthmoving Operators
- Flexible policy matrix gave client access the ability to fund these assets without the need to provide financial statements
