News Articles - Hermes Capital

Second-hand equipment funding despite ATO arrears

Purchasing equipment in a secondary market can be both lucrative and problematic. If done astutely, clients have the ability of picking up high quality assets that are well below market value. However, financing options are severely diminished when not purchasing “new” items.

A client was referred to Hermes to fund the purchase of machinery that would complement their current offerings. This particular asset would allow them to complete the full scope of work within their major contracts – without subcontractors. In turn, this would increase both sales and margins.

Turning the tables on a complex transaction

A demolition and excavation company found itself in financial trouble after 12 years in the business. The company had been growing organically, and outside of equipment finance, had never sourced any type of working capital facility. Unfortunately, in 2019, the company suffered their first full-year loss due to a major customer going into liquidation and, as a result, failing to pay their debts.

Funding rapid growth in the renewables sector

< NEWS ARTICLES Funding rapid growth in the renewables sector News Flash Hermes Capital provides a range of unique asset based lending solutions for SME's to help manage cash flow and assist with growth. Under our invoice finance facilities, Hermes provides working...

ATO arrears not an issue for fleet expansion

Payments to key suppliers are crucial to the viability of any business, especially when suppliers and wholesalers account for the majority of a company’s turnover. But how does a business remain on good terms with a supplier when unable to keep up with their obligations?

Concerned supplier helps raise capital for steel wholesaler

Payments to key suppliers are crucial to the viability of any business, especially when suppliers and wholesalers account for the majority of a company’s turnover. But how does a business remain on good terms with a supplier when unable to keep up with their obligations?

Capital raising in a post Royal Commission world

How does a start-up business raise money against used trucks in a post Royal Commission environment?

The owner of a transport business passed away and the deceased estate could find no more a suitable buyer than the business’ general manager (GM).

The GM set up a new entity for the purpose of completing the acquisition. As such, it was deemed a “new business” and was the first deterrent for traditional lenders, despite the fact that cash flow forecasts demonstrated a capacity to service.