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Provide 3 commercila loan arrangements for this scenario To accommodate new contracts and planned future expansion, the applicants require establishment of an Equipment Finance Limit
Provide commercila loan arrangements for this scenario
To accommodate new contracts and planned future expansion, the applicants
require establishment of an Equipment Finance Limit of $k to purchase Trucks
and Dog Trailers in the next months. On the advice of their accountant, a new
entity, Hamdeep Holdings Pty Ltd ATF The Hamdeep Discretionary Trust, has been
established to purchase the new equipment which will be internally hired to
Hamdeep Transport Pty Ltd the trading entity Hire charges will equate to finance
payments. Ron and Sean are directors of both companies. The longerterm
intention is for the Trust to acquire premises to be occupied by Hamdeep Transport
Pty Ltd
As part of this expansion the company has leased a second depot at a cost of
$pm and will also retain the existing depot.
They currently have employees and where needed are using subcontract
operators to fill shortfall in their delivery capacity. Purchase of new additional trucks
and trailers will provide additional capacity and flexibility and reduce reliance on
subcontractors who can be unreliable.name commercial loan providers for
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