Earlypay delivers $500K refinance & capital raise to support NSW engineering business’s expansion
Earlypay delivered a $500,000 capital raise and refinance solution to support a fast-growing engineering and maintenance business in New South Wales following a strategic acquisition.
Trading since 2020, the business had experienced strong organic growth before acquiring a competitor to expand its market presence and service capability. While the acquisition presented significant upside, it also created immediate funding pressure, particularly around equipment upgrades, staffing, and modifications to newly secured premises.
At the same time, the business was managing multiple equipment finance contracts with another lender, creating administrative complexity and fragmented cash flow management.
Working closely with the business’s commercial broker, Earlypay structured a $500,000 facility over 60 months, consolidating several existing equipment finance agreements into one streamlined solution while unlocking additional capital through a raise secured against existing used assets.
Security included five motor vehicles, including a mix of Ford and Isuzu utes and vans, a 2008 Hino crane truck, and other business equipment. By leveraging equity in these assets, the business was able to access growth funding without introducing property security or disrupting operations.
The outcome positioned the business to move quickly on expansion plans. Funds were used to purchase additional equipment, hire new staff, and complete modifications to the new premises, ensuring a smooth integration of the acquired business.
For brokers, the transaction highlights the opportunity to revisit businesses who have multiple legacy equipment facilities or who are undergoing acquisition-led growth. Earlypay’s Equipment Finance solution for capital raise and refinancing provided both debt consolidation and new working capital in a single structured facility, improving cash flow visibility while enabling expansion.
