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Marine Finance [Case Study]

First Business Finance A marina based in Kent was purchasing a 25-tonne sub-lift that would enable it to not only take boats out of the water in a much easier and efficient method, but also to manoeuvre them easily on dry land by way of radio control.

The UK agent for the Swedish manufacturer, after having been unsuccessful with traditional bank-owned finance companies, approached First Business Finance. After establishing the valuations and securities being offered, FBF was able to restructure the deal and complete a successful transaction that offered direct payment to the manufacturers in Swedish Krona.

 

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