A new start business who had just purchased a farm, wanted to introduce a water treadmill into their horse training facility.
The Challenge
This new start business was introduced to us through an equestrian water treadmill supplier. They were looking to purchase a water treadmill to aid the recovery of the racehorses that were training on their farm, and also to rent out to people in the surrounding area. This deal presented a bit of a challenge as they hadn’t been trading for long and had already received quotes from another finance broker.
The Solution
Moorgate Finance were able to successfully finance £148,000 for the water treadmill, allowing the business to generate a new stream of income within their farm and horse training facility. This deal was structured as a finance lease agreement with minimal deposit to allow us to meet the needs of the customer. In addition to this, the agreement included a payment upfront and spanned across a five-year term, offering manageable monthly payments that would help to prevent cash flow issues in the early stages of their business. Our terms also included paying the supplier 50% upfront and the remaining 50% after the treadmill was installed.
We were also able to beat a competing broker who had already sent documents to the customer by offering a more affordable deal.
The Highlights
✅ £148,000 funded for an equestrian water treadmill for a new business
✅ We were able to offer a minimal deposit to prevent cash flow issues
✅ We were successfully able to beat another broker by offering a more affordable deal
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.