Stock To Meet Demand
Civil Engineering Contractor
Tendering for new contracts
Clear Business Finance helps a civil engineering contractor to secure a £117,355 cash injection for the acquisition of a Bobcat E88 Excavator & L85 Wheeled Loader.
The Challenge
The directors of this civil engineering contractor specialising in utility and groundwork projects, were facing increased competition when tendering for new contracts. The main problem was despite their superior experience and connections, they didn’t have the fleet readily available to fulfil the contracts that were currently entering the market.
Furthermore, in order to purchase the needed plant machinery that was required to challenge their rivals, it would involve the business owners committing a large part of their cash reserves which always comes with risk. It would leave them exposed to fluctuations in the economy, not to mention a cash positive position would likely not be reached for a number of years.
Key Facts
Amount Financed
£117,355
Product
Equipment Finance, Hire Purchase
Location
Kent
Speed of approval
48 hours
The Results
At Clear Business Finance we not only have connections with over 60 of the UK’s leading lenders, we also have well established relationships with some of the most renowned plant suppliers in the construction section. As a result, within less than 48 hours we were able to secure a highly competitive Hire Purchase solution. The funding package contained £117,355 for the acquisition of both a brand-new Bobcat E88 Excavator & Bobcat L85 Wheeled Loader. A three-month VAT deferral was also agreed, further helping to ensure upfront outgoings were kept to a minimum.
As a result, our client was now able to secure contracts that only a few days earlier were deemed out of reach. Repayments were spread over a 5-year term, meaning they could also more easily compare their monthly outgoings against the immediate returns, all in all helping to manage risk and liquidity.
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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.
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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