Our Senior Finance Broker - Andrew Hubbard with the assistance of Finance Broker - Ankit Kakkad and Finance Co-ordinator - Grace Rust, was able to complete a Hire Purchase Asset Finance deal for a Highway Repair company.
The customer needed to finance two Tack Coating Machines to attach to his current Scania commercial vehicles. The deal included the refinancing of the vehicles and the new tack machines as well as paying a foreign supplier in euros. The customer was finding it difficult to find a lender who could facilitate his requirements due to the complex structure, however, Andy, Ankit and the team at Approved were able to fulfil the customer's needs with a quick turnaround!
A big thank you to Tom Felix over at Aldermore Bank from our comprehensive 125+ lending panel, whom Andy and the team were able to work alongside to be able to get this deal completed.
With Asset Finance you can preserve valuable working capital by purchasing equipment, machinery or vehicles with affordable monthly repayments.
Asset Finance can take various forms including Hire Purchase, Leasing or Refinance. Also known as Equipment Finance, this type of product (more specifically Lease Finance) also allows for offsetting costs against profits, which is an effective tax relief strategy for any business.
Asset Finance can be used for traditional hard assets such as; Commercial and Business Vehicles, CNC Machinery, Plant Equipment, Forklifts or soft assets such as IT Software and Systems, Office Furniture, Fit Out Fixtures and Fittings and much more...
Are you a business owner looking to bring in more assets to your company? With Equipment Finance (or Asset Finance) you can preserve valuable working capital by purchasing equipment, machinery or vehicles with affordable monthly repayments. Equipment Finance can take various forms including Hire Purchase, Leasing or Refinance. This type of product also allows for offsetting costs against profits, which is an effective tax relief strategy for any business.
If you would like to discuss your options, then please do not hesitate to contact Andy at 01908 429888, email Andy@approved-finance.co.uk or click on the link to download our finance guide PDF for more information: https://lnkd.in/ePHAgzn9
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