Finance Approval – New PC490 Excavator

Following a period of rapid growth, the client began to experience challenges securing additional Funding through traditional Lenders. While the business was performing strongly, its accelerated expansion meant existing Bank facilities had reached their maximum Lending limits, restricting the client’s ability to take on new work despite clear demand.

To ensure growth wasn’t stalled, we worked closely with the client to design a tailored Finance solution in collaboration with one of our trusted Private Lending partners. This alternative Funding structure enabled the client to secure Finance for a brand new Komastsu PC490 Excavator – a critical piece of Equipment required to deliver three major sewer infrastructure contracts for a large, Melbourne based Civil Construction Company.

Speed and certainty were essential. The Excavator needed to be deployed quickly to meet project deadlines and our Private Funding solution provided the flexibility and responsiveness required to move forward without the delays typically associated with expanding traditional Bank facilities.

Over the past decade, Heavy Vehicle Finance has played a key role in supporting the client’s growth, having Financed more than 20 Trucks, Excavators and other Heavy Equipment Assets as the business expanded its operations. With the right Funding solutions in place at each stage, the company has continued to scale successfully and now generates an annual turnover exceeding $10 million.

This outcome demonstrates the strength of our Private Funding options, which allow businesses to unlock additional Lending capacity when traditional Funding lines are fully utilised. By providing flexible, tailored solutions beyond standard Bank Funding, we help our clients continue to grow, take on new contracts and capitalise on opportunities as they arise.

KEY POINTS:

Unlocked Greater Access To Capital Funding For High Growth Business

New Komatsu Excavator Was Required For Speciliased Sewer Mains Installation

Turnover For This Civil Construction Company Now Exceeding $10M Per Annum

Tailored Private Lending Solution