GoGetta Equipment Funding has tailored a new equipment funding model that has delivered success in the hospitality industry to suit operators in the construction and earthmoving sectors.
GoGetta specialises in equipment funding solutions that enable businesses to achieve their potential.
Launched in 2008 by ASX listed Silver Chef Limited, GoGetta gives construction and earthmoving operators the chance to purchase costly equipment and preserve valuable working capital.
GoGetta’s Rent.Grow.Own funding model enables operators to focus on securing work contracts with the confidence that they can secure the equipment they need, when they need it on affordable and flexible terms.
According to Hardy’s Excavations owner Russell Hardy, renting earthmoving equipment was an ideal solution to the problem of riding the contract rollercoaster.
Having purchased a new business, Mr Hardy required an additional loader for his fleet but was unsure his new business had the demand for such a large purchase.
Having no confirmation on some contracts, he felt that buying a new loader outright would have placed additional strain to the business if the work did not come through.
But GoGetta’s Rental Solution allowed him to have the loader he needed and chase more contracts without exposing his business to the same risk faced within a traditional finance model.
Silver Chef Limited COO Charles Gregory commented that the GoGetta rental model had proven results through its sister company, hospitality equipment financier Silver Chef.
Up to 90% of the businesses that used the funding model succeeded because they were able to retain working capital and grow their business.
GoGetta has replicated the equipment financing model for the construction and earthmoving sectors, targeting the broader commercial equipment market. The company presently offers funding to a range of industries including construction, earthmoving and mining among others.
The 12-month GoGetta agreement offers operators the ability to:
- Purchase equipment at any time during the first 12 months and receive a 75% rental rebate
- Return equipment at the end of the 12-month agreement if it is no longer required, or
- Continue to rent – and they’ll simply continue to reduce the purchase price