Types of assets First Business Group has recently funded
First Business Finance (UK) has sound experience in asset and technology finance and expertise built upon close relationships with customers, equipment suppliers and leading funding sources. Across the UK, with a product range that includes everything from finance lease to hire purchase invoice finance to business loans, we offer a dynamic and knowledgeable approach that transcends various market sectors. We wanted to share some examples of the assets we recently funded. Please see what Assets We Have Funded Recently as below.
Construction
- Construction Hoist Company required a release of capital to purchase new equipment from abroad
- We refinanced 53 of their currently owned hoists, ranging in age from 3 to 17 years old
- The funder we placed the facility through agreed repayment terms over three years
- The customer received £210,000 straight into their bank account, ready to be used to purchase the assets from abroad
- These funds are now allowing the company to grow their business with the new asset purchases
New Restaurant
- Funded 80k for a new restaurant chain in London
- Kit involved catering, extraction, furnishings
- Over eight suppliers involved, facilitated one agreement for ease of customer
- Placed with one lender on a five-year term with just a VAT deposit
Excavator
- 70k excavator funded for a business in its infancy
- All by e-documents, signed and paid within 24 hours
- This will save the customer a lot of money long-term, as they no longer need to hire the machine at a daily rate
- VAT & 10% deposit put down on a five-year term
Please get in touch with us on 01634 386869 to discuss how we can help you go through suitable funding for your business. And, of course, you can contact us at First Business Finance if you have any questions or concerns. Similarly, you can contact us via social media too.
