Finance Approval – Used Scania R500 Tip Truck

An existing client approached us seeking Funding to purchase an additional Tip Truck needed to fulfill a critical work contract for the West Gate Tunnel Project – one of Victoria’s largest and most complex infrastructure developments. With tight timelines and high operational demands, having the right Equipment in place was essential for the client to meet contractual obligations and maintain their reputation for reliability on major Civil Projects.

The Tip Truck in question had a purchase price of $170K and with the client’s total exposure with us remaining under $500K, this provided an ideal opportunity to utilise one of our more flexible Lending options.

Despite the client already having several Truck and Trailer Assets financed, we were able to approve the funding under our No Doc Truck Finance Policy, meaning no accountant prepared financial statements were required. The only documentation needed was a simple assessment of the client’s credit file and credit score, allowing for a fast, streamlined approval process that enabled the client to secure the Tip Truck quickly and start work without delay.

This additional Truck not only allowed the client to meet the demands of the West Gate Tunnel contract but also increased their operational capacity, enabling them to take on larger contracts in the future. By expanding their fleet with minimal paperwork and maximum speed, the client strengthened their market position and improved their ability to deliver on time, every time.

This case highlights the power of a flexible Equipment Finance approach. By tailoring solutions to the needs of Transport Operators and Civil Contractors, we provide access to Funding that traditional Lenders often cannot offer – allowing businesses to grow, seize opportunities and stay competitive in fast moving infrastructure markets.

It’s another clear example of how our specialised product matrix and industry expertise empower clients to expand their operations, meet major project requirements, and invest in assets that deliver real business growth.

KEY POINTS:

Private Sale Transaction – No Valuation Fee 

Funding With No Financials Up To $500K

Facilitated Additional Work Contracts And Increased Turnover For Customer

Continued Good Payment History To Further Strengthen Clients Commercial Cedit Score