Finance Approval – New Grant Engineering Bottom Dump Trailer

After three years of successfully operating own Truck, our client had built a solid foundation within the Transport Industry. With consistent work and a growing reputation, they identified a clear opportunity to scale his business. Their objective was ambitious yet achievable – to increase overall turnover by at least 30% through strategic investment in higher capacity Equipment.

The cornerstone of this growth plan was the purchase of a brand new Belly Dump Trailer. Owning this type of Trailer would allow the client to take on larger contracts, improve efficiency on bulk haulage jobs, and reduce reliance on subcontracted Equipment – all key factors in boosting profitability and long term sustainability.

On the basis client’s ABN had been active for more than two years and had good payment history on existing Truck Loans – credit profile and credit score was strong. This enabled us to implement our Low Doc Lending pathways designed specifically for Owner Drivers and small Transport Operators. This enabled us to secure Unconditional Finance approval within hours, giving the client immediate access to funding up to $500K, without the need for accountant prepared financial statements or lengthy approval delays.

With Funding secured, the client moved quickly to finalise the purchase of the new build Belly Dump Trailer. However, rather than stopping there, customer recognised an additional opportunity to strengthen their business. By using the remaining available approved Lending limit, customer upgraded their older Prime Mover to a newer, more reliable Truck, significantly reducing maintenance risk and downtime.

This dual investment delivered more than just increased capacity. The updated Truck and Trailer combination presented a modern, professional image that got the attention of larger Transport Companies and Civil Contractors. The newer Equipment met stricter safety, compliance  and site access requirements, allowing the client to tender for and secure work that had previously been out of reach.

The results were immediate and measurable. Increased job opportunities, improved operating efficiency and access to higher paying contracts enabled the client to successfully achieve and exceed their targeted 30% increase in turnover. The business not only grew in size but also in stability, reputation and long-term earning potential.

This case study demonstrates how tailored Finance approvals, combined with strategic Asset investment, can be a powerful driver of business growth. By understanding both the Transport Industry and Lender requirements, we help Owner Drivers position themselves for success – not just today, but well into the future.

KEY POINTS:

Client Increased Turnover Above And Beyond Expectations 

Low Doc Approval Up To $500K – No Financial Statements

Facilitate Purchase Of New Trailer And Later Model Prime Mover

Client Could Tender For Larger Work Contracts And Reduce Maintenance Costs