This existing customer came to us and asked if we could help him raise some capital to put back into his business. 
 
While he was able to continue trading through the COVID_19 pandemic, the massive downturn in work meant he used up his reserves and needed to use his overdraft. 
 
Asset - 2016 Renault C432.32 8x4 Cement Mixer 
Price - £40,000 
Term - 60 Months 
This existing customer came to us and asked if we could help him raise some capital to put back into his business. 
 
While he was able to continue trading through the COVID_19 pandemic, the massive downturn in work meant he used up his reserves and needed to use his overdraft. 
 
Now his business is nearly at the pre COVID levels and he wants an injection of cash into this business to enable him to concentrate on his business rather than worrying about going over his agreed overdraft facility. 
 
We looked at his existing equipment and found he had an unencumbered 8x4 Renault Cement Mixer. After a valuation was carried out on the truck, we were able to offer £40,000 + VAT by way of sale and HP back. 
 
He raised a sales invoice to the lender, we arranged the documents and went to meet him at the Breedon cement plant where he was parked. The docs were signed on the Friday and the deal was process before 0900 on the Monday morning. The £40,000.00 was transferred to his account by Wednesday. 
 
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