With Bank Pre-Approval Withdrawn, Iron Capital steps in to help Civil Business recover post COVID

Jake’s client, a long-established business with over 20 years of operation, faced an unexpected hurdle. Despite a strong track record and numerous completed finance agreements, their pre-approved funding for a Bobcat Skidsteer Loader was pulled by a major bank due to the impacts of COVID-19, leaving the business without critical equipment for their operations.

The Challenge

After losing a key contract during the pandemic, the client’s financial position took a temporary hit. Despite securing new tenders that promised future income, traditional lenders focused on the recent setback and refused to move forward with the funding. With a machine already delayed 10 months in transit, the client needed immediate financing to put the equipment to work and start generating revenue again.

The Solution

Jake turned to Iron Capital for a flexible and pragmatic financing solution. Understanding the client’s proactive measures to manage cash flow and the opportunities tied to their new tenders, Iron Capital quickly assessed the situation and approved funding for the Bobcat Skidsteer Loader.

The Process

Iron Capital’s efficient process delivered the results the client needed:

1. Quick Evaluation: After receiving a simple application form with key details, Iron Capital approved the funding in just three hours.
2. Responsive Support: Iron Capital worked closely with Jake to workshop the deal from the initial phone call, ensuring the client’s needs were fully understood and addressed.
3. Timely Delivery: The swift approval allowed the client to confidently proceed with the loader, ensuring the equipment was ready to generate income immediately.

The Outcome

Thanks to Iron Capital’s fast and flexible approach, the client secured the Bobcat Skidsteer Loader and was able to capitalize on the new tenders they had won. The machine now plays a critical role in helping the business rebuild and grow following the challenges of the pandemic.

Client Testimonial

"Iron Capital were able to look past the impact COVID-19 had on one part of the business and see numerous opportunities for the client with new tenders recently won. Their quick approval process gave the client the confidence to move forward, and as the broker, I found the team incredibly responsive and easy to work with."
– Jake Anderson, National Equipment Finance Brokerage

Key Highlights

• Fast Approval: Funding approved in just three hours.
• Practical Approach: Focused on future opportunities rather than past challenges.
• Seamless Experience: Responsive support and easy collaboration for both broker and client.

Why Iron Capital?

Iron Capital’s ability to assess opportunities beyond short-term setbacks and their commitment to fast, efficient service make them the go-to partner for businesses and brokers navigating challenging circumstances.