Cash Equity raised by Refinance
£108,000 Cash Equity Raised by Re-financing Existing Assets in Scotland
Sector: Construction
Solution: Sale and Leaseback
The Client
One of the largest and highly experienced civil engineering businesses in Scotland who’s expertise includes earthworks, quarrying and aggregate processing and temporary and permanent road restructure.
The Challenge
Raise funds to support development and groundworks to the companies multi-acred site as well as supporting working capital by using existing company assets. Overcome difficulties with re-finance due to Scottish law being different to English law in this regard.
The Solution
A £108,000 Sale and Leaseback facility over 48 months was secured using the asset schedule proposed by the client. From proposal to drawdown, including signing of documentation and inspection of assets finalised in 48 hours.
Summary
Choosing the correct lender was crucial to this transaction running smoothly and delivering funds to the client in a very short time frame. Distance proved no obstacle in ensuring the client received the funds promptly and Liquid Corporate Finance delivering an exemplary service.
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