SPECIALISED FINANCE FOR EARTHMOVING EQUIPMENT PURCHASERS

APRIL 14, 2009

Two of the earthmoving industry’s finance professionals have teamed up to launch Tracfin, a finance brokerage that focuses on the industry’s special needs.

Paul Ireland and Richard Lewis have a long history in providing finance to the earthmoving & agricultural industries & have previously worked together at Cat Financial & CNH Capital.

Having spent time in senior management roles at some of the country’s largest lenders, Ireland says he understands what financiers want to see when assessing a client’s credit worthiness.

“In today’s financial climate where availability of credit has become more difficult, it’s crucial that businesses have access to hands-on experience and skills that can provide appropriate funding solutions”, Ireland says.

Richard Lewis’ experience in equipment sales and finance spans Esanda, Caterpillar Finance, CNH Capital and in his most recent role William Adams where he was used equipment manager. He is also well known in the industry through his previous chairmanship of the Tractor and Machinery Association.

“By working with an experienced broker with intimate industry experience, we are in an excellent position to ensure finance applications are correctly structured to fully meet the needs of all parties”, Lewis said. Further information is available at www.tracfin.com.au.