Equipment Hire Company Raises $500,000 Using Sale-Back Equipment Finance

Our client is an equipment and supplier hire company, specialising in hiring out Mobile Scissor Lifts and Elevated Working Platforms.

Their Working Capital had been affected as major contracts were delayed due to COVID-19.

With significant work in the pipeline, an immediate injection of funds was required to cover overheads until future cashflows were realised.

Upon referral from the broker, we were able to help them unlock the equity held in their unencumbered assets through a $500,000 sale-back equipment finance facility, which allowed the business to meet their payment obligations and keep their business moving.