Type of Finance: Excavator / Truck Finance
Client Industry: Civil Earthmoving
Amount Financed: $570,000
Our client is a Civil Contractor who has just picked up a large contract. He needs to install safety guard rails on the new and existing highways and motorways around metro Sydney and throughout NSW. Therefore he needs to expand his workforce and equipment. He requires 2 x new flat tray beaver tail trucks to transport his excavators and equipment from site to site.
In addition, he has also requested finance for 2 x new compressors to be installed on the trucks. Finally, he needs a pile driver for the extra guard rail work.
We were able to secure finance for all new items with financials that only showed existing turnover. Not the greater turnover and larger profits the new contract opportunity will provide to the business.
The fulfillment of the contract relied on us securing the finance with limited financials to enable the business to grow.
Call us now to discuss your circumstance so that we can assess your situation. You could be our next Civil Contractor Finance Case Study.
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