Whether you’re a sole operator or a large civil or mining contractor, it’s not always best to have all your eggs in one basket by financing all of your equipment with one Lender.
We aim to assist you in spreading your asset risk across different Lenders to get you the best possible deal for each asset purchase. There are many low doc options available to businesses up to $500,000 in value for a variety of earthmoving and mining equipment purchases, making the application process quick and simple majority of the time.
If the transaction doesn’t fit the low doc policies from our panel of lenders and we need to complete a full doc loan to obtain finance approval to support your asset purchase, we have a combined 50+ years in asset finance experience and in preparing and submitting full doc loan applications to Lenders with a high success rate as we know what questions to ask, we know how to word the right story outlining your background, loan purpose highlighting the pros and mitigating the cons within the transaction to get Lenders comfortable with your proposed purchase.
When it comes to buying and financing used equipment, some Lenders are better than others with Lender policies that allow you to finance used assets up to 20 years of age at the end of the proposed loan term.
If you are buying via a private sale, depending on the loan size, sometimes Lenders will seek an in-house valuation and other times they will seek a formal valuation from an auction house to confirm the assets value to protect both you and the Lender from overpaying for an asset.
Whether you’re looking to purchase new or used equipment, we have access to 20+ Lenders that can support your every finance need.
Some of the earthmoving and mining machinery we have financed over the years include:
- Excavators
- Dozers
- Bobcats
- Dump Trucks
- Tip Trucks
- Graders
- Rollers
- Material Handling Equipment
- Crushers
- Screeners
- Drilling Equipment
- Motor Vehicles
No matter how large or small your operation is, no matter how large or small your earthmoving and mining equipment is, we’ll work closely with you to source the right finance package available to help you purchase your next asset.
To discuss your specific earthmoving or mining equipment finance needs further, please call us directly on 1300 677 449 or fill out your details below and we will be in touch shortly.
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FAQ’s
Do I need Financials?
Ironbark Finance Pty Ltd have on offer a large range of Low Doc Products from 20+ Lenders that require NO financials at all. Key Low Doc Requirements are:
- 2 Year ABN
- Clear Credit History
- At least One Director is a Property Owner or a 20% Cash Deposit will be required
How old can the Machinery be?
Ironbark Finance Pty Ltd has access to a large range of Lenders for ALL types of Machinery ages up to 20 years.
How long will finance take?
Depending on the lender and product, turnover times can vary from 2 hours to 48 hours once the loan application has been submitted.
How much can I borrow?
The max amount you can borrow will depend on Lender product limits per transaction and your financial servicing ability. Our team will carefully review your information and compare to Lender policies to ensure we find the right Lender that can lend you the amount that is required.
Will I get Approved?
Ironbark Finance Pty Ltd have a very high success rate of getting our clients loans approved.. All applications are carefully vetted by our finance specialists prior to submission. This ensures we get things right the first time and most importantly protect your Credit Score.
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