Equipment Finance

Funding Second Hand Assets

A civil contracting company based in Tasmania was looking to fund earth moving assets. 

One of the assets was over fifteen years old which meant finding funding was difficult. Their current lender was unable to assist due to the age of the asset as mainstream lenders, generally, won’t fund past fifteen years old. One of the assets was also a private sale, which can also be tricky to fund through many lenders.

With our Equipment Finance facility in place, they could get both at the same time without the upfront costs or cash flow issues.