Machine refinance supports research & development
Our client, a global engineering business, had developed a new and unique product which was now in the final stages of research, development and manufacture. These final costs were in excess of £75k and after failed requests to the clients bank we were asked to look at refinancing the machine to release equity. After discussions with a number of our interested funders we agreed on specific terms with our client and secured the facility.
Within a week the machine had been valued, documentation signed and the funds with the client.