Financing 13 assets so a services business could deliver three council contracts
A services business had won three council contracts but its existing lender couldn't fund the full fleet it needed to deliver them. FGO arranged a $700K+ asset finance facility covering 13 items: 6 trucks, 2 utes, 1 excavator and 4 trailers. One facility, one lender, one settlement. The contracts could proceed.
| Business | Services business |
|---|---|
| Finance type | Asset finance facility |
| Facility size | $700K+ |
| Assets financed | 13 |
| Fleet | 6 trucks, 2 utes, 1 excavator, 4 trailers |
| Outcome | 3 council contracts secured |
The opportunity: a fleet to win council work
The business had done the hard part. Three council contracts were on the table, each requiring specific fleet capacity to deliver. The gap was operational: the equipment wasn't in place, and the existing lender couldn't fund the full requirement.
Without the fleet, the contracts couldn't proceed. The business needed a lender willing to finance a mixed set of assets, vehicles and heavy machinery together, at the scale the contracts required.
How do you finance a mixed fleet in one facility?
The challenge with a mixed fleet is that different asset types can attract different lender appetites, policies and security treatments. Placing 13 items across vehicles and machinery in a single facility requires a lender comfortable with the full scope.
FGO structured the facility to cover the complete fleet in one arrangement. The 13 assets financed were:
- 6 trucks for heavy haulage and on-site operations
- 2 utes for crew and equipment transport
- 1 excavator for earthmoving and civil works
- 4 trailers for load capacity across the contracts
The result was a $700K+ facility covering all 13 items, placed with a lender that understood the scope and could fund it in full.
The outcome: contracts delivered, fleet operational
With the facility in place, the business had everything it needed to mobilise. The fleet went to work across all three contracts.
Questions this deal answers
Can asset finance fund a mixed fleet of vehicles and machinery?
Yes. This facility funded 13 items in one go: 6 trucks, 2 utes, an excavator and 4 trailers, a $700K+ facility across mixed asset types.
What can asset finance be used for?
Vehicles, machinery and equipment a business needs to operate or grow. Here it funded the fleet a services business needed to deliver three council contracts.
What if your existing lender won't fund the full requirement?
A broker can place the facility with a lender that will. Here the existing lender couldn't fund the full requirement, so FGO arranged a $700K+ facility across 13 assets.
Looking to fund equipment or a fleet? See how FGO approaches asset and equipment finance, or read more client case studies. Our guide to equipment finance versus leasing covers the tax, cash flow, and balance sheet trade-offs across chattel mortgage, hire purchase, and operating lease.
Your deal deserves the same outcome
Every result here started as a conversation. Whatever you're financing, we'll look at it properly and tell you honestly what's achievable.