Groundworks business gets on the road quickly with Asset Finance

Recently established, a business that specialises in groundworks found itself in a desperate situation when a funding line fell through at the last minute, making it impossible to acquire a new truck, key for keeping operations moving. With work already lined up and time ticking, they were introduced to Regional Director Jamie Glenn at Ultimate Finance by Naomi Ellmers of Lease Finance.

Speedy access to the right funding

Jamie explains, “At Ultimate Finance we have developed expertise for tailored funding solutions that help businesses meet their ambitions, and we work closely with introducers across the country to support as many businesses as possible with access to the funding they need based on their unique requirements. With over 20 years of experience in the industry, we know that speed is one of the key demands from business owners looking to source funding, and so we have created processes that are quick and robust to ensure that finance can be put in place without any unnecessary delay”.

The team at Ultimate Finance was able to provide the business with a £80k Hire Purchase facility part of a Deferral agreement, that allows part of the deposit to be deferred, further strengthening the business cashflow cashflow as it looks to pick up speed on its growth journey. Jamie continues, “A Deferral agreement is a great additional tool for businesses using Asset Finance to acquire key machinery, plant, equipment and vehicles as it provides the opportunity to delay part of the payment for up to four months from the date of the finance agreement, enabling them to spread the cost over a longer period”.

Great relationships that keep businesses moving

This being the first business Naomi introduced to Ultimate Finance, she was very impressed by the speed, efficiency and professionalism displayed by Ultimate Finance, with less than two days needed to approve the application and get the facility operational. She says, “Ultimate Finance seemed to be the right funding partner for this business as they could provide the funding another lender wasn’t able to, and because they work swiftly and use e-signing which ensured a quick pay-out”.

“Lease Finance couldn’t be happier to have worked with the team at Ultimate Finance: we came to them on the morning of 14^th May, received terms on the same day and had the legal documents signed and the deal paid out before the end of the day on 15^th May. Thank you to all involved and a special thank you to Jamie whose constant communication and support helped make the process seamless and making it easy on my end to provide peace of mind to the client”.

Jamie concludes, “Ultimate Finance prides itself on being a lender that owes much of our success to the great relationships we develop with our customers, both the owners of businesses we support and the introducers we work with, and I am delighted to have had such a great experience working with Naomi and the wider team at Lease Finance for the first time. We all look forward to working on many more applications in the future and I can tell our partnership will be more than valuable to businesses looking to obtain Asset Finance solutions”.