May 20, 2010A new equipment funding model which has delivered success in the hospitality industry has been tailored to suit operators in the construction and earthmoving sectors.
Launched in 2008 by Brisbane-based
Silver Chef,
GoGetta gives construction and earthmoving operators the chance to purchase costly equipment and preserve valuable working capital.
Through the ‘goRent.goGrow.goOwn’ funding model, operators can focus on meeting the challenges of securing work contracts knowing they can secure the equipment they need, when they need it in an affordable and flexible way.
Hardy’s Excavations owner Russell Hardy (pictured with loader) says renting earthmoving equipment is an ideal solution to the problem of riding the contract rollercoaster.
Hardy purchased a new business and required an additional loader for his fleet, yet was unsure his new business had the demand for such a large purchase.
“I didn’t have confirmation on some contracts and buying the new loader outright would have placed additional strain to the business if the work did not come through,” he says.
“Through GoGetta’s Rental Solution, I could have the loader I needed and chase more contracts without exposing myself to the same risk that I faced within a traditional finance model.”
‘PROVEN RESULTS’Silver Chef Limited COO Charles Gregory says the GoGetta rental model has proven results through its sister company, hospitality equipment financier Silver Chef.
“Up to 90 percent of the businesses we support succeed because they are able to retain working capital and grow their business,” Gregory says.
“GoGetta operates under the same premise and targets the broader commercial equipment market. We currently offer funding to a range of industries including construction, earthmoving, but also mining and more,” he says.
The 12 month GoGetta agreement offers operators the ability to: purchase equipment at any time during the first 12 months and receive a 75 percent rental rebate; return equipment at the end of the 12 month agreement if it is no longer required; or continue to rent while reducing the purchase price.