Client Objective
Richard Becconsall, our Asset & Equipment Finance expert at STAC Capital, worked closely with Katcom Australia to secure a tailored financing solution for their expanding civil construction operations. Rather than continuing with a high-cost rental arrangement, Katcom Australia has now secured ownership of two Caterpillar Inc. D11 Dozers, further enhancing their project capabilities.
Strategic Approach
As a civil earthmoving business based in Emerald and experiencing significant growth, Katcom had been renting these dozers for $100k per month. With a new contract on the horizon, the cost-benefit of financing ownership over rental was clear. By working collaboratively with the client and their accountant, Richard prepared a comprehensive credit submission, exploring both major bank and non-bank options before securing an optimal package with a leading bank.
The Challenge
Katcom needed to transition away from an expensive rental model and move quickly to secure funding in time to support upcoming projects. The key was demonstrating the commercial value of ownership and preparing a funding strategy that would gain lender support.
The Solution
STAC Capital secured a funding package through a leading bank that enabled immediate ownership of both dozers, while minimising upfront costs and preserving working capital.
The Result
Through this solution, Katcom has saved approximately $70k in monthly costs and gained the freedom to operate without the constraints of rental agreements, positioning them to take on more work with increased flexibility and control over their assets
