November 2020 brought something none of us wanted to hear – Lockdown 2.0.
As the UK entered a second national lockdown from the Covid-19 pandemic, you start fearing the worse for businesses up & down the country.
We knew that the new lockdown announcement would bring extra unwanted stress for some of our customers. So we continued to work throughout the month alongside our funders to make sure any of our clients affected by the new changes would have access to support through payment breaks and restructures to help their business continue to run smoothly.
But alongside the negatives, positives still shone through in November.
At Dealer Net Finance we were still here working through the month to help several our client’s access finance packages to help move their businesses forward.
Take a look at some of the financial agreements we arranged in November 2020:
Hire Purchase – New Nissan e-NV200 Van – £20,100-00
Hire Purchase – New Hi-Spec T18 Feeder – £21,750-00 (0% Finance Scheme)
Hire Purchase – New Amazone XMS 5 Plough – £18,000-00 (0% Finance Scheme)
Hire Purchase – Ex-Demo Land Rover Discovery – £38,940-00
Hire Purchase – Ex-Demo Audi SQ7 – £68,850-00
Hire Purchase – Used Caterpillar 924K Loader – £40,000-00
Hire Purchase – Used John Deere 3200 Agri-Handler – £21,300-00 (Inc 3 Month VAT Defer)
Loan – Loan for Livestock – £61,000-00
Loan – Loan for Grain Store Project – £50,000-00
Loan – Loan for Farm Sheds Project – £25,900-00
Despite all the strange goings-on in 2020, we are continued to be impressed by the positive outlook from all our clients who are making great investments in their business despite the current uncertainty.
This month we helped clients access a wide range of finance products to help the gain access to funds for new purchases & projects.
From the snapshot above, we helped clients get on the road, financing a range of new vehicles from an electric van for a farmers milk round to impressive 4×4 vehicles in the shape of the industry leading Land Rover Discovery & the stylish Audi SQ7.
But alongside vehicles, machinery is still needed!
We helped farming clients access great new equipment for their businesses, through different finance products to help manage their cashflow. We set a couple of clients up with 0% manufacturer finance schemes on new Hi-Spec and Amazone equipment, while another client took advantage of our VAT deferral product, deferring the VAT on their John Deere 3200 purchase until month 3 of their agreement instead of paying a big chunk upfront.
Our clients in the Agriculture world also benefited from our loan product this month. We helped a client boost his livestock numbers, helping them access £61,000-00 to purchase some German Holstein Heifers. With two other clients taking a cash injection for their business to put towards new building projects.
If you would like more information on the finance products we have available and to find out more on how we can help your business access top finance rates on business finance give our team a call today on 0191 586 6168 or drop us a message through our contact us form.
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Stay Safe.
