Who we work with
Transport and logistics
In transport the vehicle is the earning asset, so downtime translates directly into lost income and replacement timing is a commercial decision rather than a preference.
Customers in this industry commonly pay on terms while fuel, maintenance and wages are due continuously, which puts pressure on cash even when the work is steady.
What owners in this industry come to us for
- Adding or replacing a truck, trailer or van
- Covering fuel, wages and maintenance between customer payments
- Financing a planned fleet replacement cycle
- Taking on a contract that needs capacity you do not yet have
- Compliance, telematics and safety equipment
What lenders tend to look at
Heavy vehicles are assessed differently from light commercial ones, with their own lender pool and their own view on age and condition.
- The vehicles: type, age, condition and resale market
- Whether work is contracted or spot
- Customer concentration and payment terms
- What is already financed, and with whom
- Trading history, licensing and compliance record
- Whether directors own property
A situation we see often
An operator is offered ongoing contracted work that needs another prime mover. The contract would comfortably support the vehicle, but the vehicle has to be in place before the first invoice is raised.
A specialist would usually look at vehicle finance against the contract, and separately at whether a working capital facility is needed to cover running costs until payments begin. An illustration of a common enquiry, not a client case study.
Finance that commonly suits
Common questions
Can older trucks be financed?
Often, though age narrows the pool of lenders and affects terms. Check before you commit to a purchase rather than after.
We are an owner-driver. Is that different?
The principles are the same, and lenders will look at the vehicle and at how consistently the work and payments arrive. Trading history under your ABN is usually relevant.
See which lenders fit your business
Answer a few quick questions and we connect you with a business finance specialist who works with businesses like yours. No cost, no obligation.
Around 60 seconds. No obligation. Not a lender.