A thriving business, eager to expand its operations and enhance efficiency, approached us seeking a solution to acquire a crucial asset. Their dedicated broker had struggled to secure the desired terms for the asset purchase, prompting them to turn to us for assistance with Asset Finance.
The client had specific requirements for the asset purchase, including a 72-month term, 0% deposit, a 3-month VAT deferral to optimize cash flow, and a competitive low-interest rate. Their previous broker was unable to secure these terms, which were essential for the client’s growth plans.
Understanding the urgency and importance of the client’s needs, we took a comprehensive approach to address their specific requirements. We leveraged our strong and enduring relationship with an alternative tier 1 lender, which enabled us to present a compelling business case proposal on behalf of the client.
Working closely with the client, we prepared a comprehensive business case proposal that outlined the benefits of the asset purchase for their growth trajectory. We presented this proposal to our trusted lender, who swiftly accepted the facility on the terms requested by the client. Within just 7 hours, the acceptance was received, affirming our ability to meet the client’s needs effectively.
The client’s relatively new business status posed a potential hurdle, given the size of borrowing they were seeking. However, by conducting a thorough financial analysis of the business’s bank accounts, we were able to demonstrate a strong growth trajectory since their last filed accounts. This analysis strengthened the client’s case for financing.
Time sensitivity was a critical consideration due to an impending large contract that was set to commence within weeks. Additionally, the client sought flexibility in the funding arrangement, including the ability for early settlement without incurring additional fees. This aligned with our commitment to provide tailored solutions that empower clients’ financial strategies.
The outcome was exceptional and aligned perfectly with the client’s objectives. By collaborating with us, the client was able to secure 100% financing for the asset purchase without the need to allocate approximately £30,000 in cash, as initially required by the previous brokerage. This financial flexibility enabled the client to retain the cash within the business, thus supporting their plans for headcount increase and further expansion as desired.
This success story underscores our commitment to going beyond conventional approaches to meet our clients’ unique financial requirements. By leveraging our relationships, expertise, and dedication, we turned challenges into opportunities, facilitating a seamless and advantageous asset purchase. The case study demonstrates our ability to create value by aligning with clients’ specific needs and providing efficient solutions that drive business growth.
In conclusion, this case study exemplifies our role in helping businesses overcome obstacles, seize opportunities, and achieve their strategic goals. Our tailored approach, collaborative partnerships, and focus on client success showcase our commitment to being a trusted financial partner in every step of their journey.