Hire Purchase on a Recovery Loan Scheme for an Existing Customer

Opportunity:

A concrete pumping company was looking to take on an additional machine due to upturn in business post pandemic in the construction sector.

Approach:

The customer had reached maximum exposure with their existing funders and was struggling to secure the finance. They also wanted a VAT only deposit when most funders required 10-15 % plus full VAT.

Solution:

The funder had extensive knowledge of that industry and the Asset. A deal on Hire Purchase on a RLS  was secured with a VAT only deposit over a term of 6 years.