We like to help businesses to solve problems they are facing. This was the case when this plant hire company came to us to help with funding to make their operations run smoother.
The Challenge
This business approached us for support in securing a new DAF XD Chassis Cab with a beavertail, required to efficiently transport their plant equipment to site. Timing was critical, as an unexpected opportunity arose due to another customer withdrawing from a prior agreement with the supplier. This reduced the build time significantly, creating a short window to get the deal complete.
The Solution
Moorgate Finance successfully secured £220,000 in funding for the plant hire business, including a low deposit and a VAT deferral to help maintain consistent cash flow. The deal was structured as a hire purchase over 72 months, allowing the business to spread payments over a longer term, making them more manageable and affordable.
In addition to this, we were able to provide the most competitive funding quote compared to other brokers, ensuring the customer received the best possible deal. Also, to meet the lender’s requirements, we conducted a site visit and utilized an e-signature process, offering the customer the flexibility to complete documentation from anywhere, ensuring a seamless and efficient experience.
Thanks to the swift turnaround and favourable terms, the business was able to accelerate its schedule, boost turnover, and minimize costs. By keeping their existing beavertail in operation and hiring an additional driver, they have optimized their supplier relationships and significantly improved overall productivity.
Highlights:
✅£220,000 funded for a new DAF XD Chassis Cab
✅Fast turnaround to prevent delays to an unexpectedly shorter build time
✅We were able to offer a low deposit payment and a VAT deferral
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.