This construction and groundworks business purchased a telehandler and required help with financing it.
The Challenge
The client, a well-established construction and groundworks company, recently acquired a telehandler through auction and required both finance approval and payment to be completed within just 24 hours. Due to this tight deadline, we had to act swiftly and efficiently to meet their time sensitive needs. As a returning customer of Moorgate, they are familiar with our process and prefer to secure their equipment first, confident that we will arrange the financing afterwards. This ongoing relationship highlights the trust they have in our ability to deliver fast, flexible solutions when required.
The Solution
We successfully secured £25,000 funding for the telehandler, structured as a hire purchase agreement and spread over 60 months. Demonstrating our commitment to efficiency, we delivered the necessary documentation to the customer within just one hour, obtained approval within three hours and completed the payout within twelve hours. This swift turnaround allowed us to meet the client’s tight timescale without compromise.
In addition to the speed of service, Moorgate Finance were able to secure the finance at a highly competitive rate. Coupled with the discounted price of the telehandler itself, this resulted in lower payments for the customer- an outcome that the customer was very happy with.
This strategic purchase has enabled the customer to confidently take on a new contract valued at £15,000 per month, directly supporting their ongoing business growth and expansion plans.
The Highlights
✅ £25,000 hire purchase funding secured over 60 months at a highly competitive rate, lowering month payments
✅ Moorgate delivered the documents within one hour, approval in 3 hours, and payout in 12- meeting the tight deadlines required by the customer
✅ The purchase enabled the customer to take on a new £15,000/ month contract, supporting their business growth plans
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.