A business contacted us needing an injection of cash after buying a large tranche worth of recycling banks.
The business bought the banks to disperse around the country so, to understand the need of the business further one of our relationship managers went to visit them to discuss a finance facility.
The business transacted a total of £85,000, in two separate deal agreements. The first was for £35,000 and the second was for £50,000 at a later date.
The deal was agreed as a sale and HP back, where the asset is sold back to a lender for the full amount injecting the cash back into the business and the customer then pays a monthly arranged fee over a set time until the assets are then owned by them again.
The deal was arranged without any issues enabling them to gain funds back and allowing them to purchase more banks to place around the country.
To find out how we could help your business like we did here, contact us on 0115 958 6872 or email firstname.lastname@example.org