MAN TGX26 PMV 2009 WMA30XZZX9W Prime Mover Truck
Harry has been successfully running his business for a year, and due to increasing demands, he needed to add a second truck. Despite some financial challenges, such as no detailed financials due to his accountant being overseas, multiple credit inquiries, and a short-term visa status, we found a funding solution tailored to his strengths.
Negatives:
- No Financials as client accountant was overseas
- Many credit enquires on credit file
- Short term visa (Not an Australian Resident)
Positives:
- Steady work from an established client.
- Reliable income verified by recent bank statements.
- Australian citizen guarantor.
- $11K in working capital.
Funding Solution:
- 100% funding with a rent-to-own plan.
- 5-year term without a balloon payment.
- Low documentation requirements.
At TransCon, we leverage our panel of over 20 lenders, including non-bank lenders who often provide second chances. We managed to secure a $70,000 approval for Harry's prime mover, allowing him to expand his operations and meet his contract requirements.