A business who specialises in custom windows, doors and glass roofs required our help with funding an aluminium machining centre.
The Challenge
This deal presented a few challenges and complexities, primarily due to the machine’s location, the strict timelines and payment requirements. The machining centre was located in mainland Europe, adding logistical and financial barriers to the transaction. It was also a requirement that it was paid for in stage payments to ensure it was shipped on time for the customer.
The Solution
Moorgate Finance were able to successfully secure £300,000 of funding for the machinery centre at a competitive rate of 3.98% over 48 months. To meet the customers’ requirements and prevent any delays, we structured the financing into staged payments: 20% upfront, 40% at the second stage, and the final 40% upon delivery. This was really important as they needed to fulfil a new contract, and any delays would have halted this progress. Additionally, we were able to acquire a VAT deferral to prevent cash flow pressures and spread the investment over a longer period of time. Moorgate were able to work seamlessly with the lender to meet the strict deadlines and hurdles and satisfy the requirements of the consumer.
The Highlights
✅ Moorgate funded £300,000 over 48 months at a competitive rate of 3.98%
✅The financing was structured into staged payments- 20% upfront, 40% at the second stage, and 40% upon deliver- to ensure the asset was shipped on time and to prevent delays to a new contract
✅A VAT deferral was arranged to ease cash flow pressures and spread the investment over a longer period