As a finance broker, the most satisfying things we can help with are funding for businesses who truly help the community around us.
This was certainly the case when we were approached by an umbilical cord blood bank who needed funding to support their rapidly growing business.
The blood bank specialises in holding umbilical cords to help repair damaged tissue, support regrowth, replace worn out organs and potentially cure life threatening diseases that newborns may have in the future.
The Challenge
After a period of rapid growth, this company were running out of storage facilities which played a huge part in the everyday functionality of the blood bank.
Funding was needed to invest in new specialised equipment to store the baby’s umbilical cords for important medical research and development projects.
The Solution
Moorgate Finance were keen to support such an important medical business and ensure their business could continue to grow.
A market-leading asset finance rate was secured to purchase a BIOSAFE 2400 MD-Smart (Medical Device) CHRONOS 2400 sample storage tank with level control device and BIOSAFE-smart tank monitoring, worth £69,055.22.
The Highlights
- Moorgate worked closely to understand the medical equipment required.
- We helped to secure an Asset Finance deal worth almost £70,000.
- Allowed the business to grow and expand their storage facilities.
- Financed through one of our top-tier lenders with a market-leading rate.