Behind the Deal: Volvo FH16, $250K, contract funded
Tier-1 contracts pay well. They also pay on 60-day terms. A line-haul operator had just won a major new contract and needed $250K to bridge fuel, driver advances and consumables for the first invoice cycle. They owned a Volvo FH16 prime mover and a B-double trailer set outright. ABL released the equity, fitted GPS tracking, […]
Behind the Deal: Sandvik drill rig, $500K, mobilisation funded
Crew on site Monday. Tier-1 invoice cycle starts in 120 days. A mining services contractor had won a new drilling contract and needed $500K to mobilise crew, fund consumables and meet bond requirements before drilling could begin. They owned a Sandvik DD420 surface drill rig and four modular accommodation units outright. ABL released the equity, […]