Civil engineering firm secures grabber tipper on asset finance

23 March 2021

Our clients approached us as they were looking to purchase a grabber tipper without a director’s guarantee. The company had just filed their first set of accounts and was self-funded up until this point, with 18 months trading history.

Finance need

The client needed to raise £70,000 and needed it completed as soon as possible.

Solution

With a brief taken, The Funding Store approached Ultimate Finance. Together, we arranged to meet with the client and provide the options available, with Ultimate Asset Finance even arranging a small invoice finance facility to help raise the deposit needed for the asset purchase.

Result

A finance agreement, without a director’s guarantee, at a competitive rate with repayments spread over 3 years. Ultimate Finance were also able to meet the clients need of providing the invoice finance facility to assist with future cash flow.

The deal competed in mid-March 2021 and the client was extremely pleased with the service and support provided by The Funding Store.

We wish the clients all the best as they grow and expand their business.

Contact us today to discuss how we can help you secure finance for your business, 01908 880420 or info@thefundingstore.co.uk

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Civil engineering firm secures grabber tipper on asset finance The Funding Store

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This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by HPG Holdings Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.

This article has been produced by www.TheFundingStore.co.uk for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by HPG Holdings Ltd. In all cases appropriate professional legal and financial advice should be sought before making a decision.