Private Lender for Mining and Resources Services

Funding for contract start dates, yards and camps, secured by property

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Experts in strategic, short-term secured finance

Aerial view of Sydney Harbour and the CBD
24hrsFast funding solutions
$250K-$10MLoan range
9.7% p.aInterest rates starting from
1-24 monthsShort term funding

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Hands down, the best private lenders in the biz

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Every settlement has been smooth

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Always my top choice for nearly all private lending scenarios

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Speed to market on lending advances second to none

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True professionals in the non bank lending space

Straight forward application and assessment process with clear communication till loan settlement.

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The team at Secured Lending, particularly Gino and Finn, are fantastic to work with.

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Speed, reliability, transparency

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Gino & Finn are the best in the business

Quick and painless to deal with, keep up the great work SL team!

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Great options in the private space

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Finn was a great help to assist in a very timely manner.

Secured Lending is a private lender, and we work with the companies that keep mines running: contractors, drilling and civil crews, equipment hire, camps and regional suppliers. Crews, travel and parts are paid for weeks before the first invoice is paid, and banks can be slow to lend in a sector tied to commodity prices. We lend from $250,000, secured by real property, such as your depot or yard property or a director's home, never the equipment or the contract. If your company has won the work, we would be glad to help.

Who We Help

  • Mining contractors starting a new contract on a date set by the client
  • Drilling and civil services companies paying for crews, fuel and parts before the first invoice is paid
  • Equipment hire and maintenance companies buying or extending a workshop property
  • Camp and accommodation providers buying or adding rooms to a camp property
  • Transport companies running ore, freight and supplies to mine sites from a regional depot
  • Engineering workshops and suppliers based in regional mining towns
  • Mining services companies carrying an Australian Taxation Office debt built up across a long contract
  • Companies whose directors hold equity in a home or investment property after a bank declined the application

How We Can Help You

  • The contract starts on the client's date, with crews, travel and parts paid for
  • A yard, workshop or camp property near the mine is bought before another buyer takes it
  • We lend our own funds and hold our own credit authority, so a decision takes hours and settlement can happen within 24 hours
  • Our own valuers assess the property, including in regional and remote towns where there is a realistic market for it
  • A first or second mortgage, so an existing facility over the property can stay in place
  • Terms run from 1 to 24 months, typically 3 to 6, with rates from 9.7% p.a. on a first mortgage and from 11.95% p.a. on a second mortgage

Mining Services Finance Scenarios We Fund

A drilling company starting a new contract needs a different loan to a camp operator buying the land next door. Below are the scenarios mining and resources services companies ask us about most often.

Contract start-up costs

A new contract comes with a start date fixed by the mine owner. Before the first invoice can be raised, the company has to recruit and fly in a crew, pay for accommodation and travel, buy parts and consumables, and move equipment to site. The first payment then arrives on the client's payment terms, often weeks after the work begins.

We release capital against property the company or its directors own, and the company uses those funds to cover the start-up costs. The loan is repaid from the dated contract payments once they are documented, or from a refinance once the contract has a payment history.

  • Funds crews, travel, accommodation, parts and freight to site
  • The contract starts on the client's date
  • Paid to the company before the first invoice is raised
  • Terms from 1 to 24 months, typically 3 to 6
  • Settlement within 24 hours on a clean file
  • Exit is dated contract payments or a refinance

Waiting on client payments

Wages, fuel and parts are paid every week, while invoices to a mine owner or a head contractor are paid on the client's payment terms. When a client extends its payment terms or a large invoice is disputed, the company can be owed a large sum and still be short of cash for the next payroll.

The working capital is sized to the property equity and set for the period until the invoices are paid. The company keeps paying its crew and suppliers on time, and the loan is repaid once the outstanding invoices are paid or the company refinances.

  • Covers wages, fuel and parts while invoices are outstanding
  • Suits a client that has extended its payment terms or disputed an invoice
  • Set for the period until the invoices are paid
  • A second mortgage can sit behind an existing loan
  • Decision in hours
  • Exit is the outstanding invoices or a refinance

Buying a yard, depot or workshop property

A freehold yard, depot or workshop near a mine site does not come up for sale often, and when one does the vendor usually wants a short settlement. Owning the property also means the company stops paying rent on the site.

We lend against the industrial or commercial property being bought, and where it does not support the full amount, against a second property the company or a director owns as additional security. Our valuers look at the market for the property in that town, so the loan reflects what the property would sell for there.

  • Funds the purchase of a freehold yard, depot or workshop property
  • A second property can be added as additional security
  • Valued on the market for the property in that town
  • Up to a 70% loan-to-value ratio across all mortgages
  • Settlement within 24 hours of a signed letter of offer
  • Exit is a refinance or a sale of property

Camp and accommodation property

Camp and accommodation providers grow when a new project or a contract extension brings more workers into a town. Buying the adjoining land, adding rooms or taking over an existing camp all need money before the new bookings are paid.

We lend against the camp property where it is freehold land, or against a director's home or investment property where the camp sits on leased land. The company uses the funds for the purchase or the extra rooms, and repays the loan from a refinance once the camp is trading at the new size, or from a sale of property.

  • Funds a camp purchase, adjoining land or extra rooms
  • Suits growth from a new project or a contract extension
  • Where the camp sits on leased land, a director's property secures the loan
  • Remote location affects the valuation and the amount, it does not rule the loan out
  • Terms from 1 to 24 months
  • Exit is a refinance or a sale of property

Buying a drill rig, earthmoving gear or a hire fleet

A drilling or civil services company often needs another rig, an excavator or a set of hire units to take on a new contract, and good used equipment can sell within days. Arranging finance on the machine itself can take longer than the seller is willing to wait.

We release capital against the depot or yard property the company owns, or a director's property, and the company buys the equipment with those funds. The loan is repaid from contract income or a refinance.

  • Funds drill rigs, earthmoving equipment and hire fleet purchases
  • The company pays the seller from the loan funds
  • Suits used or specialised machines bought at short notice
  • A second mortgage can sit behind an existing loan
  • Decision in hours
  • Exit is contract income or a refinance

Bridging finance for mining services companies

A company may need to buy a new depot property before it sells the old one, or settle a purchase while waiting on a property sale that has already exchanged. The two settlement dates rarely line up.

A bridging loan secured by property covers the gap between the two dates. The purchase settles on time, and the loan is repaid from the sale of the other property when it settles.

  • Buy a new depot or workshop property before the old one sells
  • Covers the gap between two settlement dates
  • The purchase settles on the contract date
  • Terms from 1 to 24 months, typically 3 to 6
  • Rates from 9.7% p.a. on a first mortgage
  • Exit is the sale of the other property

Refinancing a bank facility

Some banks reduce their lending to mining services when commodity prices fall or when a large contract ends, and a facility that was renewed every year can be cut back or not renewed at all. The property securing it has not changed, but the bank has set a date to repay.

We refinance the existing facility against the same property, so the bank's date is met and the company has time to arrange a longer-term lender. The loan is repaid by that refinance or by a sale of property.

  • Repays a bank facility that has been cut back or not renewed
  • Meets the date in the bank's letter
  • Time to arrange a longer-term lender
  • First or second mortgage, depending on what is already registered
  • Up to a 70% loan-to-value ratio across all mortgages
  • Exit is a refinance to a longer-term lender or a sale of property

ATO tax debt

A large crew on a long contract builds up pay as you go withholding, goods and services tax and superannuation quickly. If a payment plan is missed, the ATO can issue a garnishee notice, a director penalty notice or a statutory demand, and an unpaid tax debt can also stop a company being approved for new contracts that check tax compliance.

The loan funds are paid to the company, which pays the ATO debt in full. We can still lend after a garnishee notice, a director penalty notice or a statutory demand has arrived, and the loan is repaid through a defined exit such as a refinance or a property sale.

  • The company pays the ATO debt in full
  • One loan can cover income tax, activity statement and superannuation debts
  • We can still lend after a director penalty notice
  • Suits a company whose tax debt is holding up approval for new contracts
  • The general interest charge stops accruing once the debt is paid
  • Exit is a refinance or a sale of property

Our Loan Products

  • First mortgage: from 9.7% p.a., secured over a depot, yard, workshop or camp property the company owns outright, or used to refinance an existing loan in full
  • Second mortgage: from 11.95% p.a., secured behind an existing first mortgage over a company property or a director's home, so the first loan stays in place
  • Bridging loans: cover the gap between buying a new yard or depot property and selling the old one
  • Caveat loans: our fastest product, where a caveat is lodged over the property instead of a registered mortgage, for a contract start date or a settlement that is days away

Related Reading

"Most mining services companies that come to us have already won the work. They have a contract, a start date and property equity, and a bank that needs more time than the client is willing to give. We set the term around the contract payments or a refinance. If the start date is close, we would be glad to look at it early, because valuations in remote towns can take longer to book."

Gino Tabila

Gino Tabila

Associate Director

Recently Asked Questions

Yes. We decide in hours, so you can know the amount before the auction, and settlement within 24 hours is achievable on a clear title. Get our answer before you bid, because payment within seven days leaves no time to look for finance afterwards. The exit is usually a refinance or the contract income the rigs will earn.

Yes. The company is the borrower. If the home is worth $1,500,000 with $300,000 owing, the 70% limit leaves room for up to $750,000. The mine's payment for the shutdown can be the exit where the amount and due date are documented, with a refinance or a property sale behind it.

It can. The suspension affects the exit rather than whether we lend. The suspended contract can no longer be the exit, because neither the restart date nor the payments are known. The exit needs to be a refinance, a property sale, or payments due under new work that is signed. Bring the new contracts as they are won.

Yes. A tax debt on its own is not a reason we decline. The loan funds are paid to the company, which pays the ATO. Whether to object, and how paying first affects that, is a question for your accountant or tax lawyer.

Yes. The company is the borrower. If the workshop property and the director's home together they are worth $3,400,000 with $800,000 owing, the 70% limit leaves room for up to $1,580,000. The remaining $220,000 and the purchase costs come from your own funds. The usual exit is a refinance once the division has a year of trading under your company.

It can. The notice and the investigation affect the exit rather than whether we lend. We need to understand how long the pause could run and what other work is still being paid, so bring the client's letter. The exit needs to be a refinance or a property sale if the work does not restart within the term.

Yes. We lend Australia-wide, and the security does not need to be in the same state as the purchase. On a purchase we lend up to 70% of the lower of the price and our valuation, so the Moranbah property alone could support up to $840,000, and a Perth home can be added for the balance. The exit is usually a refinance once the Queensland contract is running, or the sale of a property.

It can. We can refinance the bank's loan against property the company or a director owns, so the reduction the bank is asking for is no longer needed. Relying on one client affects how we look at the exit rather than whether we lend. The exit is usually a refinance once the client base is broader, or the sale of a property.

Yes. The loan funds are paid to the company, which pays the supplier in advance. The exit is usually the contract income once the tyres are fitted and working, with a refinance or a property sale behind it.

Yes. The loan funds are paid to the company, which pays the suppliers and staff. The first monthly payments can form the exit where they are documented, with a refinance or a property sale behind them.

No. Our security is always real property: a first or second mortgage over a residential, commercial or industrial property held by the company or a director. The loan can still pay for equipment or contract start-up costs.

Yes. A director's home or investment property can secure the loan where the company does not own property near the mine. The borrower is still the company, the loan is for a business purpose, and total borrowing across all mortgages must stay within a 70% loan-to-value ratio.

We need to learn your scenario further. We lend where the property has a realistic market if it had to be sold, so a remote location affects the valuation and the amount rather than ruling the loan out.

Loans start from $250,000, and larger loans are assessed case by case. The maximum loan-to-value ratio is 70% across all mortgages on the property. Terms run from 1 to 24 months, and most loans run for 3 to 6.

We usually make a decision within hours, and settlement can happen within 24 hours on a clean file. Valuations in remote towns can take longer to book, so it helps to call as soon as the contract is awarded or the property is found.

The company repays the loan through a defined exit agreed before settlement. For mining services companies that is usually dated and documented contract payments, a refinance to a longer-term lender, or the sale of a property.

No. We lend only to companies, including a company acting as trustee. A director's property can be the security, but the borrower is always the company.

Yes. Our urgent loan pages explain what we can fund for mining and resources companies and for ATO debts.

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$500M+ funded

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Why Secured Lending?

✓Australian private lender, $500M+ funded
✓We use our own funds for fast decisions
✓24-hour settlements, loans from $250k
✓Rates from 9.7% p.a. | Terms 1–24 months

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