Client overexposed with their bank
A smart & quick equipment finance solution when the bank can no longer help
A civil construction company purchased $880,000 of used trucks & excavators at an auction and had limited time to raise required funds to settle.
They were highly leveraged and had reached their exposure limit with their bank.
Classic Funding Group solution
- Funded full invoice amount on an Operating Lease (Rental) over 48 month term
- Cash flow friendly option - may be 100% tax deductible*
- Off-balance sheet facility did not affect their leverage
- Quick 7 day turnaround from application to settlement helped client take delivery of their assets and get to work
To find out how your business can benefit from a smart and quick equipment finance solution, get in touch on 1300 780 895.
* We do not provide financial advice. You should obtain your own financial advice on the tax and accounting treatment of any finance solution you choose.