A Liverpool-based plant hire company was ready to scale their operations and needed the right funding to make it possible. With demand for plant equipment increasing and plans to expand both their yard space and fleet, the business approached Moorgate Finance to help secure the right funding for their growth plans.
The Highlights
✅ £518,000 total funding arranged across two facilities
✅ Competitive 7.9% flat rate secured
✅ Interest-free settlements available after year one
✅ Increased stock levels and improved yard efficiency
✅ 10% sales growth achieved from the original funding
✅ Client returned to Moorgate for further expansion finance
The Challenge
This plant hire business needed £500,000 in loan funding to invest in new stock and improve the efficiency of its operations. However, they had very specific requirements: they wanted low-cost funding, the flexibility to settle early, and the longest repayment term possible to manage cash flow effectively. Find a lender willing to meet all of these conditions was a challenge, as many were only able to offer part of what the business needed.
The Solution
Moorgate Finance were able to secure two separate loan facilities of £259,000 each for the plant hire business, totalling £518,000, at a competitive 7.9% flat rate. Importantly, we were able to achieve interest-free settlements after the first year, giving the client the freedom to repay early if their cash position allowed. The structure gave the business both stability and flexibility, allowing them to grow on their own terms.
The funding enabled the plant hire business to reorganise its yard space, invest in additional stock, and boost the sales by 10%. Since then, the client has returned to Moorgate for further funding to continue building on that growth.
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.