How money moves in this industry
Remote work can require equipment, travel, accommodation and wages before the first approved invoice is paid. Concentration in one project is a key commercial risk.
A practical example
A maintenance contractor wins a new site contract and must purchase service vehicles and mobilise crews before its first payment.
This illustrates a funding need; it is not a lender eligibility claim or a recommendation to borrow.
Common reasons to explore finance
- Contract mobilisation
- Specialist equipment
- Fleet
- Invoice timing
Equipment and assets that may be financed
Asset finance depends on the lender's product, the asset, its condition and the proposed term. Examples in this industry include:
- Heavy vehicles
- Site equipment
- Workshop machinery
Questions to prepare for a lender discussion
These are useful preparation questions, not a statement that any particular lender accepts this industry.
- What are the contract term and termination rights?
- How concentrated is revenue?
- What is the equipment value outside this contract?
Insurance and business continuity
Finance is one part of a business decision. This industry may also need to consider public liability, machinery breakdown, goods in transit cover, depending on its activities, contracts and legal obligations. Our business insurance guide explains the concepts and links to official Australian sources.