Funding Secured
We were approached via an accountant acting for a manufacturing client who had recently secured a $2.3M government grant. The grant was contingent on obtaining unconditional finance approval for the remaining $3.335M needed to complete the machinery purchase.
Two weeks out from the deadline for finance to be unconditional, the client’s existing lender withdrew support for the additional funding. We stepped in and secured unconditional approval within the required timeframe, restructuring their existing debt and delivering a tailored multi-facility solution comprising:
- $3.335M Machine Funding
- $1.75M Working Capital Facility
- $4.1M Owner-Occupied Commercial Property Loan
- $660K Share Purchase Loan
This outcome ensured the client met the grant conditions and was well-positioned for ongoing growth.
Lending: $9,845,000
Security: $12,950,000
Lender: Second tier Bank
Structure: Multi-facility across equipment, property, working capital, and equity
To find out more about how we can help, contact our team today.
