Fleet funding is what equipment finance becomes when the order is twenty-plus assets at once. Novara structures multi-asset rollouts with staged settlements, split-lender allocation by asset class, fixed-rate locks across the build, and one coordinated paper trail.
Fleet funding is one negotiation, one paper trail, and one settlement timeline — even when the deal touches multiple lenders, multiple asset classes, and multiple dealer relationships.
When a single lender has appetite for the full fleet — common for homogeneous asset classes (vehicles, trucks, light plant) and well-rated operators. One rate, one term, one document set. Fastest settlement and cleanest ongoing administration.
When asset classes diverge — heavy plant alongside light vehicles, or aviation alongside ground support — different lenders with different specialisations yield a better blended outcome. Coordinated by Novara so the operator runs one timeline, not three.
Below twenty units, equipment finance handles the deal without the fleet-specific overhead. Above twenty, coordination becomes the value — staged settlements, progressive rate locks, and dealer-side paper trails that won't manage themselves.
A Tier 1 mining operator approached Novara to refinance and expand its haul fleet across three Australian sites. The brief: settle in under eight weeks, preserve cashflow flexibility, and consolidate four legacy lender relationships into one structure.
We split the package across two specialist lenders with staged drawdowns aligned to delivery, freed approximately $14M in working capital through sale & leaseback on existing haul trucks, and locked fixed rates ahead of the rate cycle. Settled in six weeks under one coordinated timeline. Full deal write-up on the Mining sector page.
The Big 4 lead on prime fleet paper for established operators. Specialist asset financiers — Flexicommercial, ScotPac, Liberty, Pepper Money — extend appetite into expanding fleets, complex split-lender structures, and progress-payment schedules. Private credit takes the largest deals where bank limits cap out. Our job is shaping the deal so the right lender — or the right combination — competes for it.
Twenty units or two hundred. Single asset class or split package. Speak with our team about how to structure the deal so it settles cleanly, prices sharply, and runs to one timeline.