Type of Finance: Concrete Pump Finance
Client Industry: Concrete Pumping
Amount Financed: $435,000
Concrete Pump Finance
Our client was expanding rapidly and required 2 x New Concrete Pumps (1 x 48mtr + 1 x 36mtr) to satisfy a number of large infrastructure contracts which they had just won.
1 of the directors had previously been bankrupt which made the progress to approval difficult, that combined with historical turn over numbers made it a tough deal for the new machines.
After assessment we were able to work up the deal and present a case to the lenders which helped move past the hurdles within the business and highlight the bright path forward which the company was on.
We had them approved within 1 week and they were able to get the pumps to site the following week.