This manufacturing business in the print and embroidery sector needed to replace one of their existing embroidery machines. They turned to Moorgate Finance for support in securing the funding for a new one.
The Challenge
The embroidery machine the business was currently using was only at half of its capacity due to a deteriorating asset. The business had successfully onboarded some new clients and therefore orders began to become too much- and therefore a new machine was paramount to fulfilling these orders. At the time of purchase, they were struggling with cash flow due to existing loans and depreciating assets on their balance sheet.
The Solution
Thanks to the support and responsiveness of one of our key embroidery suppliers, we were able to act quickly and secure a £35,000 finance approval within just 24 hours. The funding was structured as a fixed 36-month lease, allowing the client to manage affordable monthly payments without putting strain on their cash flow. From the initial conversation to the installation of their new machine, the entire process took just over a week. This swift turnaround from Moorgate Finance was crucial enabling the business to clear backlogged orders and meet the demands of their new contracts without delay.
The Highlights
✅ £35,000 funded for a four head embroidery machine
✅ Required to meet increased demand due to taking on new clients and current machine was only working at 50% capacity
✅ Structured as a fixed 36-month lease, to maintain affordable monthly payments
✅ Entire process, from initial conversation to installation took just over a week
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.