Print firm utilises 6 colour press to help extend their funding term
A local print company known to Affinity for many years approached us to look at funding options regarding their large piece of printing equipment.
The printing press was currently on finance with another provider but was reaching the end of it’s term. The customer would either need to find c.£200K from cash or hand the equipment back. The machine was integral to their operation as they hold contracts with blue chip organisations such as ASDA, McDonalds and Boots.
Affinity simply put a facility in place to repay the existing funder and utilise one of our lenders to finance the machine over a further 5 years.This meant the customer could continue to use the machine throughout it’s useful life, whilst also keeping cash in the business.