Equestrian - Asset Finance / Asset Re-finance combination.

  • Lloyds Bank customer. Lloyds could not accommodate complex asset finance/refinance scenario
  • New horsebox being built on an existing used chassis already owned by the company.
  • Because of the age of the chassis and the combination of new finance for a purpose built horsebox being invoiced onto an existing chassis this effectively became a combination of asset finance and asset re-finance
  • Secured 2 offers and customer chose the one which most suited him.
  • Supplier invoiced the customer direct who subsequently invoiced the lender. Lender paid supplier direct.
  • Negotiated with the supplier to avoid stage payments and we travelled to Cumbria to complete an asset inspection prior to payment and delivery.