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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.

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