Equipment Finance Loan Moffat Beach

Brokering an Equipment finance loan for a retail store fitout

Case Study: Loanright Financial Services Brokers $280k Equipment Finance Line for Retail Fitout in Moffat Beach, Queensland

At Loanright Financial Services, we take pride in helping businesses secure the funding they need—quickly and efficiently. Recently, we successfully brokered a $280,000 equipment finance line for a retail business in Moffat Beach, Queensland, enabling them to commence a commercial fitout for their new store without unnecessary delays.

The Challenge: Fast Funding for a Time-Sensitive Fitout

Our client, a successful retail business, was expanding and needed immediate funds to begin their store fitout. With traditional bank financing requiring lengthy documentation and extended approval timelines, they needed a more flexible and expedient solution.

The Solution: No-Doc Equipment Finance Line

Understanding the urgency, Loanright Financial Services identified a non-bank lender with an exceptional process for equipment finance. This lender’s equipment line of credit can be used for business assets with a VIN or serial number but also allows commercial fitout expenses to be covered—without limitations on soft costs.

A major advantage of this facility was its no-doc application process. Instead of requiring extensive financial statements or ATO portal checks, the lender assessed eligibility using only the business’s bank account statement and a builder’s quote. This streamlined process led to an approval within just one day, with funds available immediately.

Staged Drawdowns: Keeping the Project Moving

The funding facility also allowed for staged drawdowns, meaning the business owner only needed to upload builder invoices at each completed stage. These drawdowns were processed within 24 hours, ensuring tradespeople were paid promptly and work progressed without delays. This efficiency kept the project on track and allowed the store to open on schedule.

Why This Solution Was the Right Fit

• Speed & Simplicity: Traditional banks would have required significant documentation and lengthy processing times. Our non-bank lending partner offered an immediate solution.
• Flexibility: The facility covered all aspects of the fitout, including materials, labour, and design costs.
• Cash Flow Management: Instead of using working capital, the client preserved cash flow while funding their expansion.
• Confidence in Execution: Quick approvals, staged funding, and fast invoice processing ensured smooth project completion.

The Loanright Financial Services Advantage

At Loanright Financial Services, we specialise in finding finance solutions that match our clients’ needs—without the red tape. This successful deal highlights our ability to secure fast, flexible funding, helping businesses grow without disruption.

Need funding for your next business project? Contact Loanright Financial Services today and let us help you secure the finance you need—hassle-free!