Future-Focused: Iron Capital Funds Growth for a Mining Client in Transition

A publicly listed mining client undergoing significant changes—including new management, a company-wide restructure, and the acquisition of major new contracts—required heavy mobile mining equipment to fulfil their growing workload.

The Challenge

While the client had secured substantial contracts and forecasted a strong revenue stream, their new revenue model left them without a current return. Traditional lenders, bound by their reliance on historical financials, were unwilling to extend the necessary funding. This created a significant roadblock, as the company needed immediate access to equipment to execute their upcoming work.

The Solution

Andrew Stewart from Pacific Finance reached out to Iron Capital for help. Within two hours, Iron Capital provided a tailored quote, focusing on the client’s future contracted revenues rather than their historical earnings. By keeping the process simple and commercial, Iron Capital delivered a solution that aligned perfectly with the client’s needs.

The Process

Iron Capital’s streamlined approach allowed Andrew to secure the necessary funding quickly:

1. Fast Response: A formal quote was provided within two hours of the initial inquiry.
2. Simplified Settlement: The settlement process was straightforward, with no unexpected delays or obstacles.
3. Focus on the Future: Iron Capital evaluated the client’s potential future performance, enabling a quick and practical approval process.

The Outcome

The client successfully acquired the equipment they needed, providing much-needed peace of mind during a period of significant business transition. The flexibility and efficiency of Iron Capital’s Rent Purchase Option allowed the company to focus on delivering results for their contracts, unhindered by financing challenges.

Client Testimonial

"A full-doc proposal to a major bank was not going to receive the hearing we deserved because of the large amount of funding the client required, coupled with new, though very experienced management, and lack of serviceability based on historical financials. Iron Capital’s approach was refreshing and practical. They remained focused on the equipment and the client’s future revenues, which was exactly what we needed."
– Andrew Stewart, Pacific Finance

Key Highlights

• Rapid Response: Quote provided within two hours.
• Simple Process: Seamless settlement with no hiccups.
• Future-Focused: Decision based on future revenues, not historical financials.

Why Iron Capital?

Iron Capital’s commercial approach and fast, flexible solutions make them the ideal partner for brokers and clients navigating unique financing challenges. By focusing on the future, they empower businesses to grow and succeed.