As a business grows, it’s inevitable that new investments and purchases will need to be made to keep up with demand.
That was the case when a recycling company in Merseyside approached us looking to purchase some new machinery.
Highlights of the Deal…
✅ £47,000 funded in a Hire Purchase agreement.
✅ 1-week turnaround time from initial enquiry to payout.
✅ 84-month term for affordable monthly payments.
✅ 3-month VAT deferral.
✅ No Directors Guarantee or deposit required.
The Challenge
This company needed to purchase a new Manitou telehandler, but machinery like that doesn’t come without a significant price tag. Taking this money out of working cash flow could have been detrimental to business operations, so funding needed to be secured to rebalance the books.
The Solution
We have specialists experienced in this sector, meaning we know exactly the right lenders to approach to secure the best deal. With that in mind, we were able to work so fast on this deal that the customer didn’t feel the need to even approach their usual financial lender. Within a week of making the initial enquiry, £47,000 was funded for a Hire Purchase agreement on the Manitou telehandler.
Not only was the deal done fast, it was done well. Extremely favourable terms were secured for this customer, with a 3-month VAT deferral, 0% deposit, no Directors guarantee and all placed over an affordable 84-month term.
Speak to our Plant Hire Finance Specialist…
Robyn Rawling
Account Manager
Mobile: 07592 503 477
Office: 01908 039 489