Clear Business Finance helps a stylish and contemporary bathroom product fabricator to acquire a range of soft fixtures and fittings to undertake an office fit-out.
A well-recognised global bathroom manufacturer and distributor of sanitary ware was looking to increase the size of its operations and required funding for an office fit-out. They had already engaged with two other finance brokers and were looking for a flexible solution on competitive terms.
The project consisted of a range of soft fixtures and fittings including but not limited to flooring, partitioning walls, and electrical work. These are assets that most lenders will not fund and therefore added a layer of complexity. Another consideration was that the project involved several suppliers who needed full payment of their services at different phases of the project.
Clear Business Finance secured all of the required funding via one lender and agreed competitive terms over a 5-year finance lease.
We arranged for the various suppliers involved to be paid upon completion of each stage. While the customer had the control & comfort of signing off each phase of the project before payment was released. In total we agreed 5 stage payments with the finance agreement commencing upon completion of the final stage, only then did the customer start to make their repayments.
Working closely with the client to ensure they were happy as the project progressed and the flexibility of the secured solution certainly demonstrated how Clear will go the extra mile.
The new office fit-out is now allowing our client to take on more staff to sufficiently service their expansion plans.
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