Nottingham based printing company makes a significant addition to their production facility
We were introduced to the customer via a trusted source of business as their current bankers were struggling to provide asset finance.
The customer was looking to acquire £130K piece of digital printing equipment from Belgium, which would replace an existing machine, thus providing over 30% savings in first quarter following installation.
The new price of equipment was integral to the vision of the business as it would provide significant efficiencies and help gain new customers going forward. Our lender recognised the financial stability of the business and acknowledged their detailed growth forecasts as more than achievable.
The facility was put in place with 5% deposit and 3 months VAT deferral to aid cash-flow.The customer was delighted that an independent provider could react so quickly and listen to his plans for the business, where his existing bankers didn’t want to know.