Industry: Building and Construction
Time in Business: Company operating 14 months
Client required a skid steer in order to take on new work contracts.
Unable to get approved by their current back as the ABN had been trading for less than 2 years and no financials available.
Client also wanted a longer loan term to keep repayment as low as possible while they are continuing to grow and expand.
We were able to obtain an approval for the client in less than a day under a self declared loan product. We sourced the clients a 7 year loan term under a secured Chattel Mortgage loan product where the machine being purchased was used as the sole security.