Asset Finance -
Sale & Leaseback for catering equipment and furniture.
Opportunity:
Building works on a commercial property development had halted due to a shortage of cash following business spend on a kitchen, bar equipment and furniture.
Approach:
We met with the business owner and Finance Director to understand the dynamics of the business and its funding requirements.
Solution:
As all the recent assets had been paid for by cash, we arranged a £200k Sale and Leaseback facility repayable over 3 years. These funds were injected into the business to enable it to complete the commercial development.