Skip to main content

Today we are talking about Asset Finance for Machinery!!


We wanted to share a recent success story with one of our loyal customers and how we supported him with raising cash, quickly and competitively, and worked out cheaper than a government-backed loan!

 

The Scenario:

 

We were recently approached by a customer in relation to raising £100k due to them starting a new multimillion-pound contract. They required the funds to carry out the initial surveys and sustain the initial outlay costs and needed to act quickly. The business had initially enquired about an unsecured cash flow loan, but this would have added monthly commitments and ourselves along with the customer quickly realised this was not the right thing to do!!  

 

The Solution:

 

The business had 4 tractor units currently still on finance for over a year. We set out to obtain valuations and look at a refinance across our panel of lenders.

 

The Saving:

 

ü  £190,000 advanced from our chosen lender 

ü  £70,000 settlement on current finance agreements

ü  £120,000 CASH released to the customer now saving the customer over £4k per month for the remaining term of the old agreements.

ü  All finance agreed within 48 hours and paid out within 24 hours of documents being received.

Comments

Post a Comment

Popular posts from this blog

Always Open to Enquiries 🥰 Choose Us For…. New Build Mortgages Buy to Let Mortgages Equity Release Mortgages The Scottish Shared Equity Scheme Commercial  Mortgage Self-Build & Renovation Finance Life Insurance Income Protection Insurance Building & Contents Insurance Secured & Unsecured Loans Refinancing Facilities Expert Independent Advice Dedicated, Professional Service www.borderms.co.uk
Post a Comment
Read more

Scams Reported by FCA

The Financial Conduct Authority has received almost 5,000 scam reports of people impersonating the regulator in the first six months of 2025. The FCA said it had received 4,465 reports of fake FCA scams to the regulator’s consumer helpline already this year with 480 victims duped into sending money to the fraudster. Almost two-thirds of reports came from people 56 years old or above. According to the City watchdog, fraudsters claimed the FCA recovered funds from a crypto wallet that was opened illegally in a person’s name to get them to hand over funds or sensitive information. Another common method used is to target loan scam victims, who are often very vulnerable, with fraudsters claiming the FCA can help them recover the money they have lost.  They are then persuaded to hand over further funds. A separate scam which has emerged involves fraudsters emailing consumers telling them their creditors have taken out a County Court judgment against them and they need to pay the FCA the ...
Post a Comment
Read more

Today we’re talking about insurance protection….

Young adults need life insurance too   A recent report has found that most young adults in the UK do not have life insurance 1 , even though it is one of the most important financial products that you could have.    Cost-of-living crisis Over half (51%) of adults aged 18-40 admitted they do not have life cover, with many concerned about affordability due to the higher cost of living. But it is more important than ever to make sure that your loved ones have a financial safety blanket, so they do not have to fend for themselves if you are no longer around.    The cost of losing someone It is estimated that the death of a breadwinner costs their surviving family an average of £195,000 over ten years. However, this only covers the cost of essentials – the likelihood is that it will cost the bereaved, surviving partner more.    Even if you are not the main breadwinner, life insurance is still relevant to you – any caring responsibilities you have would fall...
Post a Comment
Read more