Finance Approval – $5M Lending Limit

A North Queensland based Mining Company approached us seeking $5 million in funding to support a newly secured supply agreement with a large, publicly listed company. Meeting the requirements of this contract meant the business needed to quickly acquire multiple pieces of Mining Equipment without delays or repeated Finance applications.

To provide the flexibility and speed required, we structured a $5 million master lending limit. This facility allowed the client to purchase multiple Assets under one Pre-Approved funding arrangement, giving them the freedom to scale their Equipment purchases as needed while maintaining certainty around their available Finance.

Once the Master Limit Agreement was established, the process became simple and efficient. Each time the client identified a suitable Asset, they forwarded the invoice to our team. We then prepared the Finance documentation and completed settlement promptly, ensuring the Equipment could be deployed on site without disrupting project timelines.

To ensure the facility continues to support the client’s ongoing growth, we conduct an annual audit and review of the lending limit. This allows us to monitor utilisation, assess performance and adjust the facility in line with any increased borrowing requirements as the business expands.

By implementing a scalable and streamlined Funding solution, the client was able to meet contract obligations, maintain operational momentum and focus on delivering results for their new supply partner.

KEY POINTS:

Diversified Lending Portfolio  

Approved Lending Limit Up To $5M

Fast Settlements On New Additional Equipment

Annual Review To Facilitate Increased Lending Limit