Type of Finance: Excavator / Truck Finance
Client Industry: Civil Earthmoving
Amount Financed: $570,000
Our client was a Civil Contractor who had just picked up a large contract installing safety guard rails on the new and existing highways and motorways around metro Sydney and throughout NSW. They need to expand their workforce and equipment. They required 2 x NEW flat tray beaver tail trucks to transport their excavators and equipment from site to site. They also requested finance for 2 x new compressors to be installed on the trucks. Finally they needed an extra pile driver for the extra guard rail work.
We were able to secure finance for all new items with financials that only showed existing turn over NOT the greater turn over and larger profits the new contract opportunity provided the business.
The fulfilment of the contract relied on us securing the finance with limited financials to enable the business to grow