Boulder Wall Constructions is a Queensland-based design and construction company with plans for growth. To help build its business, Boulder Wall saw the need to adjust its fleet mix and react to rapidly changing equipment needs.
Thats when the companys management team talked to GE Commercial Finance about Equipment Line, Australias first single secured loan facility with a pre-approved line of credit.
With GEs Equipment Line, Boulder Wall can manage their fleet according to their business needs rather than their financial structure. As Gavin Turner, Boulder Walls CEO, put it, We dont have to run away and get approval for each new piece of machinery; its just a matter of drawing down funds as we need them.
Gavin said that Equipment Line not only delivered considerable cash flow savings, but also allowed the company to expand its services. He said, GE understands our industry, so they were able to value our heavy duty equipment accordingly. With our new-found flexibility to change our fleet, we are actively seeking tenders for revetment and seawall jobs which require different equipment from our core boulder retaining wall business.
Equipment Line has also greatly simplified Boulder Walls administration and accounting processes, reducing its direct debit payments from 60 down to just one. Its good to see the statement every month, where each item sits on the ledger and where its accrued, Gavin explained. All payments have a common due date so were saving on administration costs, and can make the most of the money while it sits in our account.
Gavin Turner
CEO, Boulder Wall Constructions
Equipment Finance
With GE Commercial Finance, you'll experience a unique approach to finance that's been tailored to your business needs.
Along the way, we've helped many business owners like Gavin free up their cash flow, release equity in their assets and restructure their finances to secure their success.
If you're looking for a flexible and committed partner to help drive your business further, call GE Commercial Finance today and talk to one of our finance experts about making your business even more competitive.