Goal: First truck purchase for a new transport company
The Challenge Two experienced truck drivers decided to pool their expertise and transition from sole traders to co-directors of a new trucking company. Despite their extensive industry background, they were repeatedly declined by other brokers and direct lenders because they were a brand-new entity seeking significant start-up capital.
Our Solution When the directors approached our team, we knew their industry experience was their strongest asset. We repackaged their application to focus on their future earning potential rather than their lack of company history. We presented comprehensive cash flow projections and highlighted their secured, contracted work to build a compelling business case.
The Outcome The lender recognised the strength of the strategy and approved a $150,000 start-up loan. After being turned away multiple times elsewhere, the clients were thrilled to finally get their trucks on the road. The business is already thriving, and we are currently preparing to finance their second truck within the next six months.
