Type of Finance: Truck Finane
Client Industry: Trucking
Amount Financed: $900,000
Our client was referred to us for Truck Finance and Trailer Finance. The company had a strong business with a fleet of prime mover trucks and trailers of various specification.
The business was trading profitable and had a strong history with many loyal clients providing consistent work. The business was based in TAS and VIC and its main work was hauling Poppies, Potatoes and various Grains from farm gate to market.
The client was having great difficulty getting his finance set for the upgrade equipment that he sorely needed to remain profitable. The reason this clients finance was deemed ‘too difficult’ by a number of lenders/brokers was due to the fact that the company had a $600,000 tax debt!
This tax debt was incurred due to the director going through a divorce and being forced to payout his ex wife which saw him delay payment to the ATO for some time.
Due to our extensive knowledge of the lenders and their policies, combined with our long standing relationships with them, we were able to get truck finance and trailer finance set on 10off new and upgraded pieces of equipment.
Call us now to discuss your circumstance so that we can assess your situation and advise as to whether your truck finance or just general equipment finance can be set – Call 02 9453 0300