Groundworks Contractor – fundraising against existing assets.

A medium sized, well established business needed to raise working capital to be able to fund two large recently-won contracts.

Their incumbent Bankers were at the top of their comfort levels on ‘bricks & mortar’ and debenture security, and were not able to assist.

B2B Cashflow Solutions were called-in to provide a solution, and project managed the re-finance of both encumbered and unencumbered ‘yellow plant’ to generate £350,000 of funding to meet the needs of the two contracts.

The facility utilised was a Sale and Hire Purchase-Back over a 3-year period, matching the revenue stream from the new contracts and no additional security was required for the transaction, which was agreed within 2 days of the initial B2B Cashflow Solutions site visit.

B2B Cashflow Solutions dealt with all the paperwork, even making sure that existing finance was cleared and verified, leaving the client to concentrate on making their new business opportunities a success.