£120k raised through Sale and Leaseback of Engineering Equipment
A client had extended his overdraft facility to the maximum as part of his companies expansion and required additional funds to secure new orders and marketing. His existing bankers would not finance second hand equipment and he was recommended by his bank to speak with Business Assistance.
We were able to arrange the re-finance his engineering equipment saving the client money on his existing finance arrangments and raising an additional 120k of working capital for the business. the client maintined the existing banking facilities with the additional finance complimenting the current account.
Since the re-finance of the assets the client has returned to Business Assistance to arrange funding for the purchase of additional new equipment.
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