Key highlights
- Cover payroll, fuel and supplier accounts while invoices sit unpaid
- One application compares more than 80 bank and non-bank lenders
- Overdraft, line of credit or invoice finance matched to your cycle
- Fast pre-approval and funding may suit eligible mining services firms
- Draw and repay flexibly as contract payments land
When principal contractors take 30 to 60 days to pay, mining services businesses can use cash flow finance to keep crews, fuel and suppliers covered in the meantime. Overdrive Business Loans works with ABN-holding contractors, drillers and labour hire firms across Australia, and dedicated broker Simon Kendrick compares more than 80 banks and non-bank lenders on one application. You get a single conversation, one set of documents, and a facility sized to your turnover and the length of your payment cycle.
The gap cash flow finance fills
Mining services businesses spend heavily before they collect. Fortnightly payroll, fuel, camp costs and equipment maintenance all fall due long before a principal contractor settles the invoice for work already delivered. On long-dated payment terms, that gap can stretch to two months or more, leaving otherwise profitable firms short of working cash. Cash flow finance bridges the timing, so you meet obligations on schedule and keep crews on site. Simon Kendrick starts by mapping your billing and payment cycle, then matches a structure that lets you draw when you need it and repay comfortably as client payments arrive.
Options worth comparing
Cash flow finance is not one product, which is why comparing lenders matters. A business overdraft or revolving line of credit lets you draw and repay flexibly, paying only for what you use, which suits fluctuating site demands. Invoice finance advances a portion of unpaid contractor invoices, releasing cash tied up in slow-paying commercial clients. A short-term business loan delivers a defined lump sum for a specific gap or mobilisation. Unsecured facilities are typically available up to around $500,000 depending on the lender, while secured options can go higher, always subject to lender criteria and your trading profile.
Pricing and speed
Cash flow pricing is indicative and set by each lender after assessment, so we never quote a single guaranteed rate. Your time in business, monthly turnover, credit history and whether you offer security all shape it. Strong, well-secured mining services firms are generally priced more keenly, while short-term or higher-risk facilities cost more to reflect their flexibility and speed. For eligible applicants, same-day pre-approval and funding within 24 to 48 hours may be possible once documents are ready. Simon lays out the full cost of each option in plain terms so you can weigh speed against price with clear eyes.
What lenders want to see
Most lenders look for a registered ABN, at least six to twelve months of trading, and recent bank statements or accounting data showing consistent revenue moving through the business. Signed contracts and a reliable client base help, particularly for invoice-based facilities. A manageable existing debt load also strengthens your case. Because Overdrive lodges one application across the panel, you avoid repeated credit enquiries and duplicated forms. Simon flags which lenders are comfortable with remote-site and resources-sector risk, so you apply where approval is genuinely likely rather than testing your luck across several banks.
If long payment terms are squeezing your working capital, a short conversation can map your options fast. Request a free quote and Simon Kendrick will compare suitable lenders for your mining services business, explain the numbers clearly, and help you choose a facility that fits your payment cycle. There is no obligation and no wasted enquiries on your credit file.
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