Fast Finance for a Mining contractor caught between Banks

A mid-sized mining services contractor turning over $20 Million annually was referred to Iron Capital by a new broker. The company delivers support services to Tier 1 mining clients and had been waiting on the delayed commencement of a major project.

When the project finally launched—months behind schedule—the business urgently needed to secure key equipment that had previously been on hold. Complicating matters, they were transitioning between lenders and lacked access to their usual lines of credit.

The Challenge

The client faced multiple barriers:

• Funding gap due to being mid-way through refinancing with new banking partners.
  
• Urgent equipment need to mobilise for a delayed but now critical project.
  
• A supplier credit default stemming from earlier delays had appeared on their credit file, which deterred other funders.
  
• Tight timeline: settlement needed to happen quickly to meet project deadlines.
  

Most traditional lenders declined the deal based on surface-level credit data. Iron Capital took the time to understand the true story—and acted.

The Process

I

Iron Capital structured a fast, flexible Rent-to-Own (RPO) solution for two service trucks fitted with specialist bodies:

1. Indicative approval was issued within 12 hours of initial broker contact.
   
   
2. A face-to-face meeting with the client's CFO and Head of Assets helped build trust and confidence in execution capability.
   
   
3. Direct engagement with the supplier allowed for a streamlined inspection and deal finalisation.
   
   
4. Structured flexibility: Iron Capital included a 6-month purchase option, allowing the client to transfer the RPO to traditional bank funding at a set strike price if desired.
   
   

The first truck was delivered within 3 days of the on-site meeting, with the second truck close behind. The deal value totaled approximately $550,000.

The Outcome for the Broker

• Rapid deployment of two high-spec service trucks.
  
• Zero project delays, despite earlier financing roadblocks.
  
• Flexibility : client has the option to refinance at 6 or 12 months with a documented option
  
•  Broker Success: the referring broker was onboarded, supported, and paid a $15k commission on the day if the settlement
• Relationship expansion: a third asset is already in discussion.
  

Key Takeaway

“They didn’t need red tape—they needed results. We met the client, inspected the gear, structured the deal, and funded it in just a few days. That’s the Iron Capital difference.” — Iron Capital BDM

This case also highlights the value Iron Capital brings to brokers: the referring broker was unaccredited at first but quickly onboarded and supported through the process—earning trust, revenue, and a long-term client relationship.

For contractors operating in fast-moving, asset-heavy environments, traditional finance isn’t always fast—or flexible—enough. Iron Capital fills that gap with real-world understanding, structured agility, and a “get it done” mindset. Where some funders use a vanilla, credit matrix, we take the time to understand the equipment and the deal.

We fund what others won’t. And we do it fast.