Civil Contracting Company Raises $800K Using Sale-Back

Civil Contracting Company Sale Back

Raising funds from existing equipment

 

 

A well-established civil contracting company needed to raise $500,000 to meet development costs associated with a land subdivision.

 

The company had a 2003 Dozer & four 2008 Dump Trucks with a combined Auction Valuation of approx. $800,000, which were under finance with another lender, with a $300,000 payout figure.

 

 

 

 

Classic Solution
  • Required funds raised through sale-back of existing equipment
  • $800,000 Secured Loan facility (Chattel Mortgage) 
  • Repayments structured over a 5 year term
  • 8 day turnaround including approval, documentation, equipment inspections and settlement.

 

Find out more about how Sale-Back Finance can help your business!

 

Get in touch today!