Clear Business Finance helps a Civil Engineering Surfacing Contractor to secure a £150,000 business loan with overpayment & early settlement options to utilise diversely across their business.
A growing Civil Engineering Surfacing Contractor leading the way in site surfacing (roads, footpaths, and drives) was looking to continue their expansion. They needed to acquire a grabber lorry but didn’t want to commit a large part of their cash reserves to make the purchase. Furthermore, they had recently taken on a number of new employees to fulfil a new contract and were facing a cash flow gap in the short term.
With multiple finance options that could provide a solution, the business needed to be sure they were securing the best facility for their needs but equally didn’t have the time to invest into extensive research. This is where Clear Business Finance stepped in!
At Clear within a matter of hours we had reached out to a number of the UKs leading finance providers who had appetite for our client's funding requirements, subsequently we were able to conduct a comprehensive comparison analysis identifying a facility offering a number of distinctive benefits.
The funding secured contained not only the ability to overpay but also penalty-free early settlement options. Both of which gave our client the flexibility to pay down the facility in a time frame that suited them. The £150,000 cash flow solution could also be used diversely across their business, meaning the one facility was adequate for our client’s variety of needs.
Within a matter of days our client had their new grabber lorry on-site with minimal upfront outgoings and their payroll obligations could be fulfilled on schedule allowing the new contract to proceed without any unforeseen cash flow shortages.
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