Getting Paid Upfront
Residential Housing Contractor
Finance equipment, don’t rent
Clear Business Finance helps a residential housing contractor to repackage their finance application, avoiding the need to rent equipment and subsequently reducing monthly outgoings.
The Challenge
A construction company who specialises in the building of residential housing was experiencing challenges when trying to obtain funding for capital equipment within their business. The main problem was that the shareholders were associated with a business that had failed in the past. This resulted in their bank rejecting the application and failing to support them in their hour of need.
The client’s inability to obtain an equipment finance agreement through their normal funding channels, meant they were dependent on expensive short term rental agreements. This was becoming a massive draw on cash flow and was eating away at their margin.
Key Facts
Amount Financed
£27,500
Product
Equipment Finance, Hire Purchase
Location
Harrow, Middlesex
Speed of approval
48 hours
The Results
Clear Business Finance took the time to understand the customers plans and how the required funding would enhance their business. Subsequently, we put together a comprehensive cost justification proposal for the acquisition of a new Manitou MT1440 Telehandler and demonstrated how this would reduce overheads and increase profitability. As a result, from within our panel of lenders we secured the client a £27,500 Hire Purchase facility over a 60-month term on very competitive rates.
Immediate monthly savings were made because the client no longer needed to rent the equipment on expensive short-term agreements which they had been paying between 30% - 40% more for. By having the Manitou MT1440 Telehandler as part of their own fleet, they could sub-let the machine to generate additional revenue and more importantly the asset was now at their immediate disposal, meaning they could react more quickly to business opportunities as and when they arise. Title of the machine would also pass to the client at the end of the agreed term meaning they would own the asset outright.
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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