As one of the UK’s largest agricultural, waste management and recycling companies, this business provides over 50 years’ combined experience of high-quality services to its client base. Looking to acquire a hook loader to help service a large new contract they recently won with a local water company, they reached out to industry broker Gul Kortan of The Asset Funder to explore their funding options.
Gul introduced them to Ultimate Finance’s Regional Director Stuart Davies, who proposed a Hire Purchase solution to help facilitate the acquisition of the asset. Stuart explains, “The business was looking for a simple process and a cost-effective partner that could assist with the purchase and ultimately the growth of their business. In the ever-changing Asset Finance landscape, it is vital that funding providers such as Ultimate Finance can quickly propose relevant and sensible funding lines that business owners can rely on to help keep their business moving, and that means ensuring that introducer partners such as Gul are kept informed of up-to-date criteria and lending appetite”.
With the business ready to embark on a period of sustained growth in 2023 following the awarding of multiple new contracts, Gul and Stuart ensured that the business could keep moving as efficiently as possible by accessing the new machine they were seeking. Stuart says, “We were able to provide access to the £200,000 needed to secure the asset within tight timescales. With the Asset Finance solution in place, the business did not need to part with a large upfront deposit and will benefit from an easy-to-manage repayment schedule which will prevent any disruption to their day-to-day cashflow to help secure future growth opportunities”.
Relationships help keep businesses moving
To ensure introducers are kept in the loop, they can rely on Ultimate Finance’s relationship-driven approach to lending which sees each of them assigned a dedicated Regional Director based on geographical location and specialisms who provide a personal service and regularly gets in touch to discuss recent updates, industry findings and funding requirements so that they can be assured their clients can access the right funding for their business as quickly and seamlessly as possible.
Discover our range of Asset Finance solutions including Hire Purchase, Lease Financing and Refinancing and find out how they help businesses meet their ambitions.