Type of Finance: Business Loan, Equipment Loan, Refinance of Investment Properties & Cash-out for Renovation of properties
Client Industry: Building Industry
Amount Financed: $1,175,000
Stuart is an ex-police officer who was interested in purchasing an existing Holcim Concrete LOD (Lorry Owner Driver) business. This business included the 10 yr Holcim LOD Contract + the 2016 Mack 8×4 Cab Chassis with concrete Agitator.
First of all, we built and structured the deal. Then we presented it to one of the major 4 banks. Consequently, we secured approval for 4 separate pieces of finance. A Business Loan, an Equipment Loan and the Refinance of Investment Properties & Cashout for Renovation of properties.
Firstly Stuart managed to purchase the business and truck. Secondly, he refinanced his existing 2 investment property mortgages. Plus he got some cash out to complete renovations on his investment properties.
Stuart was over the moon. We achieved this without him having to put any deposit into the purchase of the business and truck. He was able to get a better rate on his investment mortgages. Which enabled him to get cash out to complete renovations to his investment properties.
As a result, Stuart has a new business contract and truck. Plus renovated investment properties with higher rental incomes.
Stuart was blown away with Commercial Point Finance as a true One-Stop Shop for his financial needs.
Contact us with your business purchase scenario so that we can assist you to achieve your goals. You could be our next Business Purchase Finance Case Study.
Our Range of Finance Options
Financing of SME business purchases is one of our most popular niches. We can finance equipment, commercial and residential property, business loans, trade finance, debtor finance and much more. Therefore we can put together complexed multi-faceted finance options to achieve the desired outcomes. Learn more with the following Business Purchase Finance Case Study.
Check out our Business Purchase Finance page or call 02 9453 0300