Asset Finance -
Own Book Refinance of a Coffee Roaster
Opportunity:
A coffee retailer cash purchased a Loring 35kg coffee roaster, the largest in the world, from the US to help double their coffee production.
Approach:
This was an accountant-introduced lead; the client was due to open a new city centre store within a matter of weeks with plans for further growth later in the year.
Solution:
Bathgate agreed to refinance the roaster over 5 years, providing the business with a cash injection to support their ongoing growth plans.