Access Management Software
Material Handling Company
Credit Line
Clear Business Finance helps a material handling company offering long-term & short-term hire options to secure a credit line totalling £533,907 for the acquisition of 15 new Toyota forklift trucks.
The Challenge
A well-known material handling company offering forklift trucks on long-term and short-term hire options were renowned for having a large fleet of vehicles in stock at all times ready to meet demand.
The business owners had identified 15 new Toyota forklift trucks that would enable them to continue their expansion plans. They needed the assets on hand for perspective customers at a moment's notice but naturally holding such a large supply can come with difficulties. Buying the assets outright would swallow a big proportion of their cash reserves, alternatively attempting to finance each of the 15 forklift trucks individually on 15 separate agreements (as & when required), not only seemed a little cumbersome but it would slow down the process of releasing each asset. Clear Business Finance were subsequently tasked with securing the perfect solution!
Key Facts
Amount Financed
£533,907
Product
Equipment Finance
Speed of approval
24 hours
Contacted us via
Phone (We are easy to talk to)
The Results
At Clear Business Finance through our knowledge of the market and connections in the industry, we subsequently have access to over 60 of the UK’s leading lenders. This ultimately enables us to act quickly and tailor a solution specifically to each of our client's individual needs.
As a result, we were not only able to secure a funding package totalling £533,907 to facilitate the acquisition of all 15 forklifts but more importantly, we ensured the capital would be raised through a credit line empowering our client to draw down the funding as and when required to meet demand. This meant there would be a singular facility which this UK business owner could utilise in phases, acquiring their desired forklifts as they needed. Furthermore, no deposit was required and a highly competitive flat rate of 3.75% was agreed, this enabled our client to rent the assets out to their prospective customers at industry-leading prices all in all giving them an added competitive edge.
Find out if your business is eligible for financial support
Applying online only takes a few minutes.
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