Funding With 0% Interest
CNC SS Group Ltd
Business Expansion
Clear Business Finance helps a returning customer CNC SS Group Ltd during a critical stage of their growth.
The Challenge
CNC SS Group are leading subcontract specialists in CNC precision engineering & manufacturing based in Norfolk. Through investment in the latest technology, they continue to maximise output, improve quality, and reduce costs. Due to their success in winning high profile contracts, CNC SS Group needed funding to support their expansion and acquisition plans.
Their existing funding lines had been exhausted and they were searching for alternative funding outside of their traditional banking lines. They needed a partner that could provide solutions across both Equipment Finance & Business Acquisitions, while also helping with the consolidation of existing borrowings.
Key Facts
Amount Financed
£5,330,000
Product
Business Loan, Unsecured
Location
East of England, Norfolk
Contacted us via
Phone (We are easy to talk to)
The Results
Clear Business Finance dedicated one of their senior account managers to work alongside the CNC SS Group Board. This was critical because we needed to understand their business at depth to be able to represent them accurately and attain the best terms.
We moved quickly and initially secured several Equipment Finance agreements through our panel of tier one lenders for the acquisition of numerous CNC machines. This enabled the CNC SS Group to fulfil new contracts and run at full capacity. Next, through the refinance and restructure of existing borrowing we were able to raise sufficient capital to fund the acquisition of several companies. The first Breckland Lasers the CNC SS Group had been outsourcing work to for many years and acquiring this business would again enable the group to increase their output. At the same time planning begun to acquire two further businesses, as due diligence was carried out one of the two targeted acquisitions was deemed unsuitable. Working with the CNC SS Group’s Board we helped to structure a financial package to successfully conclude the purchase of Archer Woodnutt Ltd. The terms delivered were highly competitive and allowed for a swift completion.
We continue to work with the CNC SS Group to secure funding for their ongoing needs. Our expertise has even allowed the client to acquire a business in Florida, USA.
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Success Stories
What are your ambitions and how can your business achieve them? Here are a few recent examples of how companies like yours are fuelling their growth plans with the right financial support.
EQUIPMENT FINANCE
Amount Financed
£81,525
We all want the right tools for the job, so you will be pleased to hear we’ve made acquiring equipment a whole lot easier.
#DealOfTheWeek!
Term
4 Years
Equipment
New Large Litho Printer
BUSINESS LOANS
Amount Financed
£250,000
Winning a new contract is great but having the capital to meet the requirements, is just one example of how we help companies across the UK on a daily basis. #DealOfTheWeek!
Term
3 Years
Reason for loan
Contract fulfilment
VEHICLE FINANCE
Amount Financed
£165,000
The MD of a UK based property investment company asked us to organise the finance agreement for her new vehicle. It was a roaring success! #DealOfTheWeek
Term
4 Years
Vehicle
Aston Martin Vanquish S
EQUIPMENT FINANCE
Amount Financed
£468,000
Breaking down the cost of your new plant machinery over a 1 to 5-year term, can allow you to limit your upfront outgoings & protect your cash flow. #DealOfTheWeek.
Key Benefits
Leading Terms & VAT Deferrals
Equipment
Three New LiuGong Excavators
INVOICE FINANCE
Approved Facility
£50,000
Get paid on time, every time. Your invoices can provide you with instant funding. No more waiting 30 - 120 days for payment, get your money upfront. #DealOfTheWeek!
Facility
Full Book
Available funds
within 24 hours
DEVELOPMENT FINANCE
Amount Finance
£151,000
80% of the sites value with no personal guarantees gave our client sufficient time to secure the site and gain planning permission.
#DealOfTheWeek
Facility
Bridging Loan
Term
6 months
EQUIPMENT FINANCE
Amount Financed
£232,500
Protect yourself against asset depreciation & keep up with ever-evolving technology. Finance your tech related acquisitions & upgrade at any point. #DealOfTheWeek!
Client
Two Medical Supercentres
Equipment
Handsets, CRM Integration & PC's
GREEN ENERGY FINANCE
Amount Financed
£550,000
Our client was able to totally remove his business’s reliance on natural gasses and switch to green energy for a fraction of the cost.
#DealOfTheWeek
Term
5 Years
Equipment
500kw Solar PV Install
MERCHANT CASH ADVANCE
Amount Advanced
£190,000
A financial solution where repayments flex in line with your future debit/credit card transactions, mirroring the ups & downs of your business. #DealOfTheWeek.
Available funds
within 24 hours
Client
A leading tooling retailer