Product: Refinance (Sales and Hire Purchase Back)
Facility size: €1.2m
Business need: Refinancing of assets to support continued business expansion
Since its formation in 2010, our client has continued to win new contracts and become a key manufacturer in its sector.
Refinancing is a quick way to access the value of assets on a company’s balance sheet and redeploy that revenue elsewhere within the business.
By refinancing manufacturing assets already owned, funds are being released to this business in advance of them placing an order for a new production line. The client can take advantage of this cash injection and negotiate the best possible deals from suppliers.
In addition, a reduced monthly instalment for six months will give the client time to start production from their new line.
Repayments are calculated in line with the income stream generated by the asset and at the end of the refinance term, our client will take ownership.