Clear Business Finance helps an online retailer to acquire a Bendi Forklift, enabling them to capitalise on the huge growth of e-commerce whilst protecting their cash flow.
An online retailer of household goods who we had previously arranged finance for a new racking system within their warehouse, reached out for us to help fund their continued growth. The covid-19 pandemic had accelerated demand and they were struggling to keep up with the significant increase in orders. They needed to invest in a new Forklift so they could speed up the process of stacking and unstacking products within the warehouse. Furthermore, supply chain shortages were resulting in suppliers of goods wanting upfront payments at higher prices.
With constraints on cash flow and the need to invest they needed a quick solution.
Within 24 hours Clear Business Finance had secured a credit approval for a new Bendi Forklift truck, we had an acceptance in place where no deposit was required. The documentation was raised and issued by e-sign, enabling the customer to authorise within minutes. The contract was written over 36 months on a standard finance lease keeping repayments to a minimum and protecting the customer from asset depreciation.
From start to finish the customer took delivery of their new asset within 48 hours.
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