How PMA Refinanced an Earthmoving Business’ Debts Using Rural Queensland Security Property
Scenario
The borrowers operate a well-established earthworks business, providing land clearing, excavation, and infrastructure construction services. Their work supports a wide range of clients across agricultural and regional sectors.
The purpose of this loan was to refinance existing debts and provide additional working capital to support ongoing business operations.
The security offered was a residential property on a substantial landholding in rural Queensland.
Why PMA?
The borrowers were unable to secure traditional bank finance as their latest financials did not demonstrate sufficient servicing capacity on their existing facilities.
PMA Solution
PMA facilitated a cash out to pay out all the client’s business debts and cash out for working capital despite the security property being in a rural area.
Details
Amount: $420,000
Property Value: $1,285,000
LVR: 32.68%
Term: 12 months prepaid plus 3 monthly extensions
Broker Commission*: $4,620.00 in GST.
*with no clawback
Exit
The agreed strategy is a seamless transition to a major bank refinance upon the term's conclusion.
Ready to discover how PMA can help provide finance solutions for your business (or your client's business)? Submit a scenario now and we'll get in touch (4-business hours response time guaranteed!)
