Case Study: Securing Finance for a $283,000 CNC Machine
When commercial finance isn’t straightforward, having the right broker can make all the difference.
A local stone manufacturing business approached me to arrange finance for a new CNC machine valued at approximately $283,000 plus GST.
The business was established, had strong turnover and was investing in new equipment to support its continued growth. On the surface, it was a good business investment — but the finance application wasn’t quite as straightforward.
The challenge
There were some historical tax and BAS issues that needed to be addressed, along with additional documentation required by the lender as part of the credit assessment.
At the same time, the timing became increasingly important.
The equipment supplier was ready to deliver the machine and wanted a 20% deposit as soon as possible. The client needed confidence that the finance would be in place so they could move ahead with the purchase without unnecessary delays.
There was also an alternative finance option available to the client, so it was important to make sure the proposed solution was not only achievable, but also competitive.
Finding the right solution
Rather than simply looking for the fastest approval, I worked closely with the client, their accountant and the lender to make sure the application was properly presented and that the additional information required by the lender was provided.
This meant working through the complexities of the application, keeping everyone updated and making sure the lender had what it needed to complete a full credit assessment.
Once the required documentation was provided, the application was fully assessed and approved within two days.
The final finance solution also delivered a lower interest rate than the alternative option the client had been considering.
The result
The client was able to proceed with the purchase of the new CNC machine and continue investing in the growth of their business.
The outcome:
- $283,000 of equipment finance secured
- Fully assessed approval
- A competitive interest rate
- Finance structured around the client’s circumstances
- A happy client ready to put the new equipment to work
Why experience matters in commercial finance
This is a good example of why commercial and asset finance isn’t always about finding the lender with the lowest advertised rate.
Business owners don’t always fit neatly into a lender’s standard criteria. There can be historic issues, unusual circumstances, timing pressures or additional documentation that need to be worked through.
My role is to look at the whole picture, understand the business and its objectives, identify the lenders that may be suitable, and then work with the client, their accountant and the lender to get the application across the line.
Sometimes the most important part of a finance application isn’t finding the easiest deal.
It’s finding the right lender for the story behind the numbers.
Need finance for your next business investment?
Whether you’re purchasing machinery, vehicles or other business equipment, I’d be happy to discuss your options.
And if your circumstances aren’t completely straightforward, that’s okay too. That’s often where having an experienced broker can make the biggest difference.
Client details have been generalised to protect confidentiality.