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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
Having worked with a coach, this loss-making business had been through a significant restructure and were now in a turnaround situation. Having dropped some of their less unprofitable contracts and streamlined their staffing model, they were now in the position to invest in some binding equipment to allow them to meet the demands of a new contract. However, as a result of their loss-making, they were struggling to find a willing lender for the £22,000 investment they needed for a Horizon binder.
Thames Valley Asset Finance has access to over 40 specialist lenders, including a niche lender to the printing business. With an in-depth knowledge of the printing industry, our lender knew they would be able to ‘snatchback’ the asset if the repayments weren’t met or if the company folded. In these circumstances, the deposit was larger than usual (£5,600) and the terms slightly less favourable, however given the financial circumstances of this company, it was the only way to help them to successfully turn the business around.
A specialist asset finance broker with a wide panel of lenders is often the only route for many companies with a troubled financial background.