Case Overview
Aiming to enhance their grain seeding capabilities, our client sought to acquire a penetrator planter for their expansive farmland. With insufficient funds to purchase new equipment, they opted to acquire a second-hand unit at an auction.
Dealing with Financial Barriers
Our team assisted the client in overcoming significant financial hurdles:
- Pre-approval for Auction Bidding: We secured a $150,000 pre-approval within 30 minutes, enabling our client to bid confidently at the auction.
- Alternative Documentation Provision: Initially hindered by the inability to provide a Certified ID of the trust appointer, a key lending requirement—we collaborated with the lender’s business development manager to accept alternative documentation.
Efficient Financing Outcome
Through proactive engagements with the lender, we expedited the pre-approval and revised approval conditions, streamlining the process from pre-approval to settlement within just one week. This rapid resolution ensured our client could promptly utilise the penetrator planter on their farm.
Expertise in Asset Financing
Our experience extends across a variety of primary assets. We facilitate quick and effective financing solutions for essential equipment like forklifts, excavators, tractors and CNC machines.