As sustainability becomes increasingly relevant, recycling facilities are becoming more and more important. This plastic, cardboard and paper recycling company needed help with a current loan to allow them to progress with expansion plans.
The Challenge
This waste recycling business approached us to consolidate an existing loan and secure better terms to alleviate the financial strain they were currently facing. High interest rates on their current loan were significantly impacting their monthly cash flow, preventing them from moving forward with planned expansion projects and upgrading their fleet to replace their older assets.
The Solution
Moorgate Finance successfully funded £230,000 for the business through an unsecured loan with a 60-month term. This enabled them to consolidate their existing borrowing under more favourable terms, resulting in significantly lower and more affordable monthly payments. The improved cash flow has allowed the business to move forward with their expansion plans and upgrade their fleet by purchasing new vans to replace older assets. The benefits extend even further, as the additional cash flow has positioned the business to diversify into a new market and build a financial buffer for unexpected expenses during the Christmas period.
The Highlights
✅ £230,000 total funded for the waste recycling business
✅ After a consolidation of an existing loan we were able to acquire them an unsecured loan with a 60-month term
✅ The waste and recycling business can now move forward with their expansion plans and upgrade their fleet
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.