Two B-Double Prime Movers for a Mining Services Operator
A long-haul operator in regional NSW needed to replace two ageing rigs before a new mining contract started. Both trucks were 2019 Kenworth T610s. His main bank quoted 12.4% and wanted a first mortgage over his property as additional security.
We placed both loans with a specialist transport lender — chattel mortgage, no property security, 5-year term. Settlement took three business days from application to drawdown.
- Funded
- $748k
- Days to settle
- 3
