The Brokerage successfully secured a $4,980,000 – progressively drawn equipment finance facility to support the installation of industry-specific equipment. Our client identified the equipment as essential to reducing processing costs in the business but was unsure how to fund the progress draws on the equipment that the vendor required prior to installation on site.
We were able to tender this deal to 2 lenders who both provided competitive offers. We secured funding for 100% of the purchase price, progressively drawn over 12mths and then converting to 7yr equipment finance loan.
This solution assisted cashflow and gave our client certainty of funding throughout.
- Facility Type: Progressively Drawn line of credit and equipment finance
- Trade Finance Limit: $4,980,000
- Lender: Major lender
- Term: 12 month progressive draw / converting to 7yr Equipment Finance Loan
To find out more about how we can help, contact our team today.