I recently worked with a manufacturer who was ready to upgrade their facility by introducing automation – replacing manual processes with more efficient systems. They needed several different machines, most of which were designed to enhance or integrate with their existing equipment.
The client had an existing loan facility with one of the major banks, but from previous experience, they knew it would be slow and complicated to get multiple bits of machinery approved. Delays like that would stall the momentum of their upgrade.
So, I visited their site to walk through the facility and get a clear picture of what they were aiming to achieve. That tour made all the difference – it wasn’t just about buying new gear, it was about modernising their operations step-by-step. We sat down and talked about their frustrations: the bank’s one-size-fits-all approach, the paperwork, and the lack of flexibility.
I explained that at Finlease, we’re not tied to one lender or one policy. We have access to a wide panel of lenders, and because I know their thresholds and appetite for different equipment types, I could match each machine to the right lending partner – at competitive pricing.
Together, we mapped out a smart finance plan that allowed them to keep their existing bank facility open for other business needs (like intangible lending), while we handled the machinery upgrades separately.
In the weeks that followed, I helped them complete several loans – quickly and without needing full company financials – using asset-based lending products that made sense for their situation. By spreading the finance across different lenders, we fast-tracked approvals and removed bottlenecks.
What started as a challenging finance scenario ended with a solid outcome:
- A more automated facility.
- Multiple equipment purchases funded without friction.
- Close to $1 million in future lending capacity pre-qualified and ready to go.
We’ve shown this client that finance doesn’t have to be hard or slow. Whether it’s one big transaction or multiple smaller ones, Finlease has the capability, the access, and the industry understanding to get it done – without the red tape.
If this story resonates and you'd like to talk through your own plans, I’d be glad to offer some insights – just get in touch.
Scott Kemp, equipment finance specialist at Finlease: skemp@finlease.com.au
Finlease is a sponsor of Australian Packaging & Processing Machinery Association.
