$1.2M in Working Capital Secured for Queensland Civil & Mining Contractor

How Iron Capital helped a Queensland civil and mining contractor unlock $1.2 million in working capital within seven days, supporting the mobilisation of a major $11 million infrastructure project without disrupting operations.

The Challenge

An established civil and mining contractor in regional Queensland needed immediate access to working capital after securing an $11 million, 15-month council contract.

With more than 20 years of experience across mining, quarrying and civil construction, the business operated an extensive fleet of heavy machinery supporting infrastructure projects across regional and remote Australia.

However, a series of project stand-downs and remobilisations had placed pressure on cash flow, limiting the contractor's ability to fund the upfront costs associated with the new project.

Previous reliance on verbal agreements with mining clients had also made accessing traditional finance more challenging.

With project mobilisation approaching, the contractor needed a funding solution that could deliver capital quickly while keeping its existing machinery operational.

Key challenges included:

• Time-sensitive funding: Working capital was required within days to meet project mobilisation deadlines.
• Limited traditional finance options: Conventional lending processes could not meet the immediate funding requirements.
• Complex equipment fleet: The business operated a diverse range of machinery, including excavators, graders, trucks, trailers and crushing equipment.
• Operational continuity: Essential equipment needed to remain available throughout the funding process.

The Solution

Iron Capital worked closely with the contractor to develop a tailored equipment funding solution, allowing the business to access working capital tied up in its existing machinery fleet.

Recognising the urgency, Iron Capital arranged for an asset manager to visit the contractor's site within days to inspect and assess the equipment.

Following the assessment, eight machinery assets were identified and valued, enabling Iron Capital to release $1.2 million in working capital within seven days.

Under a 12-month Rent to Purchase (RPO) arrangement, the contractor retained full operational access to its machinery, allowing existing projects to continue without interruption.

Iron Capital also identified additional assets that could support future funding requirements, providing a conditional offer to extend funding within 60 days if required.

This flexible approach allowed the contractor to access the capital needed for immediate project mobilisation while maintaining its operational capabilities.

The outcome for the Customer

Iron Capital's tailored funding solution delivered immediate financial and operational benefits:

• $1.2 million in working capital released within seven days.
• Eight machinery assets retained on-site and operational, with no disruption to existing projects.
• $11 million council contract mobilised on schedule.
• 12-month RPO arrangement provided flexibility and a structured pathway to equipment ownership.
• Additional funding opportunities identified to support future business requirements.

By unlocking capital tied up in existing equipment, the contractor was able to meet its immediate funding requirements and mobilise for the new project without compromising day-to-day operations.

The successful transaction also established a foundation for an ongoing relationship, with opportunities for further equipment funding as the business continues to grow.

A Word From Our Business Development Team

"The client had a solid business, but a mix of delayed projects and a new growth opportunity meant cash flow was going to be tight. Once they crunched the numbers, our solution stood out—it gave them the speed and agility they needed to move forward without compromising their margins."
— Iron Capital BDM

Helping Contractors Access Capital When It Matters Most

For businesses operating across mining, civil construction and earthmoving, managing cash flow while taking on new projects can be challenging.

Iron Capital's flexible Rent to Purchase and equipment funding solutions help contractors unlock working capital, maintain operational continuity and pursue new growth opportunities.