Loans to Expand Your Winery: Low Fee Vineyard Equipment Finance Approved

An Australian vineyard and winery were at a crossroads when they approached us. They could either expand production and increase sales or keep the winery running as is and fall short of demand. The most significant driving factor was finance. Would they be able to secure appropriate equipment financing for the purchase of three 10,000L stainless steel wine vats? They needed a loan (or loans) that allowed them to make lump-sum re-payments and pay off the loan early without incurring hefty fees. As 10,000L stainless steel wine vats cost at least between $10k to $15k each plus shipping(*1), high interest or fees would have made a standard loan financially unviable.

Scroll down to find out what happened with the vineyard and winery’s financing and learn more about high-quality equipment financing. Does the bottom line on the loan application matter the most? Or is it what is being financed and why that is most important?

High-Quality Vineyard and Winery Equipment Finance

Commercial Financing Solutions for All Business Types

No matter what type of business you run, quality equipment is essential to maintaining efficiency and safety. If you make or store any consumable products, using only food-safe equipment would be paramount to your business success. However, this often means equipment purchases are higher. When our client approached us for financing to purchase top of the line wine tanks, we immediately understood that the quality of the vats was important.

Does the Quality of the Equipment Impact Loan Approval Success?

Yes. When we take your loan application to a funder, we will make a case for why your chosen equipment is essential for the future success of your business. In the case of our winery client, food-safe certified stainless steel tanks were essential. Using sub-par equipment would have increased the risk of wine spoiling or becoming contaminated.

When you are replacing outdated equipment, or are looking to expand production, remember that financing approvals depend on a range of factors(*2). Chat to us about what you need to purchase and why. There is a range of different finance options available – all with varying criteria and conditions(*3). We will guide you in securing a loan that suits your budget, immediate business needs, and long-term financial goals.

Flawless Commercial Loan Submissions

Banks and funders prefer approving low-risk loans. They want to see that you can afford the loan and for what it will be used. This is where Trans-Pacific Finance shine. Before speaking with the bank about your loan details, we ensure your application is flawless. We answer every concern the funder may have and instil confidence in them that we support you and they should.

What Happened With the Vineyard and Winery That Approached Us?

The same day we spoke with the client, we presented them with financing options. They were thrilled and told us to go ahead.

We discussed the loan application with the bank and how the extra wine storage would lead to a substantial increase in sales. The bank agreed with us and approved the loan shortly after!

Finding our client’s commercial finance solutions that fit their needs perfectly is what we do best.

Would you like to learn how we can help you expand your business? Contact the expert team at Trans-Pacific Finance for all your commercial financing solutions.

References

*1. More Wine Making. Stainless Steel Wine Tanks. N.d.
*2. Williams, M. What Banks Look for When Reviewing a Loan Application. Wolters Kluwer. 2019. • Financing for wine bottle label and package printing
*3. Australian Government. Machinery, Equipment and Tools. 2022.