1000 Tonne Shear Funded
£80,000 Facility Secured For A Southern Based Recycling Business
Sector: Waste Management
Solution: Hire Purchase
The Client
A hugely successful southern based waste management business, specialising in the recycling of ferrous, non-ferrous metals and UPVC. These services are also complimented by offering crane and skip hire to both commercial and residential clients.
The Challenge
Add an additional 1000 tonne shear to their already impressive asset schedule to initiate the next 12 months expansion phase. The business wanted to keep funding costs down by paying a larger deposit and fitting their monthly budget to the shortest term available.
The Solution
An £80,000 hire purchase facility was funded over 48 months. The client voluntarily paid a larger deposit to reach their desired monthly payment budget. To keep initial outlay down to a minimum, a three month vat deferral was secured with their offer of finance.
Summary
Working closely with the client, we were able to really understand their brief and delivered a facility tailored exactly to their requirements in the time frame required. We kept lines of communication open with supplier, client and lender to ensure the funds were paid asper the supplier’s terms.
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