$138,000 excavator finance for a NSW civil contractor
- Amount
- $138,000
- Asset / purpose
- 13-tonne excavator (used, dealer stock)
- Industry
- Civil construction
- State
- NSW
- Business age
- 3 years trading, GST registered
- Timeframe
- Approved in 24 hours, settled in 4 days
The situation.
A civil contractor won a six-month subdivision package and needed a second excavator on site within the fortnight. The bank wanted full financials — and the accountant was mid-year, weeks away from having them ready.
Why it was stuck.
Full-doc assessment was the only product the contractor's own bank offered, and the timing simply didn't work for the contract start date.
The structure we arranged.
A low-doc chattel mortgage against the excavator: approval driven by the asset, the ABN profile and clean bank statements instead of financials, with a balloon structured to keep monthly repayments inside the project's cashflow.
The outcome.
Approved the next business day and settled directly with the dealer inside the week — the machine was on site before the contract started.
Illustrative example — representative of the deals we arrange, not a specific client file. Structures, timeframes and outcomes vary with your profile and the lender.
Reviewed by Corey Marino — Founder & Finance Broker, FBAA & AFCA member
Last reviewed 13 July 2026 · About Corey →