Credit Line
Specialist Worktop Supplier
Part Exchange
Clear Business Finance helps a specialist worktop supplier to acquire a new Marmo Meccanica linear belt edge polisher whilst protecting their liquidity.
The Challenge
A well-established UK business providing high-quality granite & marble worktops for over 30 years, was looking to acquire a Marmo Meccanica LCV 711 linear belt edge polisher. The acquisition would enable them to stay at the forefront of their industry but in doing so the company would be making two existing machines redundant and the investment had the potential to utilise a large proportion of their cash reserves. Subsequently, it was a decision they needed to get right!
To further add to the considerations, the machinery supplier had rigorous payment terms, the full sum had to be paid even before the asset was delivered/installed. This had the potential to limit the finance solutions that were available to this UK business because many lenders like the comfort of knowing the kit is on site before releasing the funding in its entirety.
Key Facts
Amount Financed
£31,069.66
Product
Equipment Finance
Speed of approval
2.5 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 quickly tailor a solution specifically to each of our client's individual needs.
Thus, within as little as 2.5 hours we had successfully secured our client a solution whereby the two pre-existing machines could be use as part exchange, this subsequently reduced the cost of the new kit from £45,069.66 down to a remaining balance of £31,069.66. Moreover, the current assets would be collected, further helping to simplify the process and removing any unnecessary hassle. Finally, the nominated lender paid the supplier in full as per their stated payment terms and spread our client’s repayments over a 3-year term. Minimal monthly outgoing helped to protect liquidity and this UK business owner had the added comfort of knowing the instalments would be contributing towards their eventual ownership.
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