As a business grows, it’s inevitable that new investments and purchases will need to be made to keep up with demand.
That was the case when a recycling company in Merseyside approached Moorgate Finance, looking to purchase some new machinery.
The Challenge
This company needed to purchase a new Manitou telehandler, but machinery like that doesn’t come without a significant price tag. Taking this money out of working cash flow could have been detrimental to business operations, so funding needed to be secured to rebalance the books.
The Solution
Moorgate Finance are experienced in this sector, knowing exactly the right lenders to approach to secure the best deal. With that in mind, we were able to work so fast on this deal that the customer didn’t feel the need to even approach their usual financial lender. Within a week of making the initial enquiry, £47,000 was funded for a Hire Purchase agreement on the Manitou telehandler.
Not only was the deal done fast, it was done well. Extremely favourable terms were secured for this customer, with a 3-month VAT deferral, 0% deposit, no Directors guarantee and all placed over an affordable 84-month term.
Highlights of the Deal…
✅ £47,000 funded in a Hire Purchase agreement.
✅ 1-week turnaround time from initial enquiry to payout.
✅ 84-month term for affordable monthly payments.
✅ 3-month VAT deferral.
✅ No Directors Guarantee or deposit required.
Looking to raise funds for your next investment? Call 01908 92 62 62 or head to www.moorgatefinance.com/apply-now