€405,000 refinance deal helps firm acquire new crane

Close Brothers Commercial Finance crane construction customer

Industry Construction

Product: Refinance

Facility size: €405,000

The Dublin-based organisation specialises in crane hire and structural developments throughout Ireland and has been in operation for over 15 years. In order to allow them to service new contracts within the private sector they were in need of a new crane. 

The asset was sourced and purchased by the customer from Europe and once back in Ireland, Close Brothers was able to put in place a refinance agreement, releasing funds back to the business. This meant the company owners were able to enjoy the use of the crane immediately, whilst spreading the cost over an agreed period. They are now moving forward with new business plans which includes hiring out the crane to third parties.

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