A waste and recycling firm based in South Wales had a spike in workload and needed our help with funding for ten trailers to increase their fleet.
The Challenge
There was an increase in workload for this waste and recycling business and they needed to ensure they fulfilled their current and new contracts. They required funding for ten recycling and landfill specification trailers to support their fleet and came to us for assistance.
The Solution
Moorgate Finance successfully arranged the financing of £750,000 to enable the company to acquire a new fleet of vehicles. This was structured as a hire purchase agreement with flexible terms to meet the client’s needs. The deal included a 10% deposit and spanned across two-year term, offering manageable monthly payments. Additionally, we incorporated a three-month VAT deferral, providing the business with extra cash flow support in the initial phase of the agreement. This tailored approach ensured that the company could secure the vehicles they needed whilst maintaining a strong financial position.
The deal was approved and paid out within 48 hours, allowing our client to get the trailers on the road quickly, immediately generating revenue.
The Highlights
✅£750,000 funded for ten recycling and landfill specification trailers
✅Deal was approved and paid out within 48 hours
✅Vehicles allowed the business to fulfil contracts and capitalized on a spike in demand
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.