This self-storage company with sites up and down the UK required £50,000 of containers and came to Moorgate Finance to help them with their specific requirements.
The Challenge
The storage business required £50,000 worth of containers to reach capacity of their current and new sites. Previously, they had been paying inflated rates under soft asset financing, meaning they were paying at least 5% more each year than necessary. This was due to many lenders classifying the containers as soft assets, which typically attract higher interest rates due to added risk.
The Solution
Leveraging our deep market knowledge and experience, we successfully secured double the number of containers the business initially believed it could afford – unlocking £100,000 in funding for 100 containers. Not only did we exceed their expectations in quantity, but we were also able to negotiate highly favourable terms, including a VAT deferral, no deposit and a 1+ payment profile over three years. The agreement required no directors guarantee and was finalised at a competitive 4% flat rate. Thanks to leveraging our lender relationships, sector relevant experience and position in the storage world, our client was able to access premium finance on a product they were previous unable to engage with.
Due to the rates making the container margin extremely healthy, the client was able to double their buying capacity which means they are looking to secure additional sites earlier than expected and accelerate their cashflow projections by 6 months.
The Highlights
✅ £100,000 funded for 100 containers for a self-storage company
✅ Moorgate Finance were able to negotiate highly favourable terms including a VAT deferral, no deposit and a 1+ payment profile over three years
✅ Previously, they were paying inflated rates under soft asset financing, but after leveraging our lender relationships and sector experience we could access premium finance on a product they couldn’t previously engage with.
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.