Civil contracting company raises $800,000 using Sale-Back

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Raising funds from existing equipment

Civil Contracting Company Sale Back

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

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