October Deals of the Month

October has been our busiest month of the year so far, and our asset finance deals included;

A finance lease deal for a Midlands based construction company.
Total Amount: £120K
Purpose: We provided £120K as part of a £3.7m syndication to raise funds for an acquisition.   Using a combination of asset refinance and invoice/debtor finance for the target business, the acquisition was made possible. 

We were able to help by providing funding against some of the smaller, less attractive assets that were not of any interest to the larger, high
street funders.

A finance lease for a Yorkshire based haulage contractor.
Total Amount: £25K
Purpose: to purchase a new concrete mixer to meet the demands of the work coming in.

A finance lease deal for a North West flooring contractor.
Total Amount: £4K
Purpose: to purchase a new floor grinder after their current one broke. We were able to turn this deal round quickly and funds were in their account within 48 hours, so it was still business as usual for them with little or no disruption to their customers!

A finance lease for a North West based engineering firm.
Total Amount: £20K
Purpose: a refinance deal on two large pieces of engineering equipment in order to help with their cashflow.

To discuss any asset finance requirements that you may have, please give us a call on 0161 491 4051 and we’d be happy to help.