Hire purchase for a new start business.

Opportunity:

This was a new start business looking for funding for woodworking machinery.

Approach:

We had to find a funder that had appetite for used machinery that was 9 years old. The business had only been trading for 10 months and had no accounts lodged at companies house to had to work of forecasts.

Solution:

We arranged an asset finance hire purchase agreement over 5 years for £32,500.