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£450k shredder refinanced for a growing business!

Selected from a large pool of brokers, Pronto delivered on refinancing our clients £450k shredder.

A commercial shredder in use

We refinanced £450k of machinery for our long-term client.

The repayments were spread over a term of 7 years with a monthly repayment of £7,968.

There was no deposit on this deal and we got the customer a flat rate of 4.58%.

We actually saved our client £400 per month on their monthly outgoings whilst releasing £450k into their business bank for further expansion.


 

Overview

The project

Our client is an established groundworks and construction business, with huge plans for future growth. In order to grow, the business had a requirement for £450k cash. Due to the higher rates on business loans, we advised the customer that refinance would achieve them a better rate and therefore a lower monthly repayment, relieving pressure for the future.

Speed of the deal

This deal took 48 hours for a full approval due to lender valuation times and the deal paid out to the customer day 3.

Benefits of asset finance

Asset finance is a highly beneficial solution to businesses in need of new or used equipment. Below are some of the benefits:
 

  1. Better manage your cash flow - why use your hard earned cash to purchase new or used equipment when you can borrow the funds at a sensible rate and spread your repayments over an affordable term.

  2. Improve your credit - If you are a growing business and you may have finance requirements in the future, then taking out finance and repaying it over the term massively boosts your credit score.

  3. Growth and expansion - You can use your funds to make your business bigger and better. Expand into new markets, carryout marketing campaigns, grow your team or purchase the equipment your competition are already using.

How to apply:

If you think you could benefit from financing your next equipment or machinery purchase, then you can give our team a call on 01604 201510 or email us at info@prontobf.co.uk. Alternatively you can get a quick quote or check your eligibility.

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