September already?
I think we can all agree that 2020 has been a strange old year, and it does not look like that is going to change anytime soon.
Just as we started to see a bit of hope in August, changes to Covid-19 rules with rules of six and local restrictions coming into play it looks as if the end of the year is going to look stranger still.
But despite having to work around local lockdowns the North East region is continuing to fight through, and local businesses are remaining positive and resolute. Through September, we have helped clients throughout the UK, gain access to new finance plans for projects and asset purchases to help move their businesses forward.
Take a look at some of the financial agreements we arranged in September 2020:
Hire Purchase – New Land Rover Discovery – £35,300-00
Hire Purchase – New Kivi-Pekka KP4Stone Picker – £20,800-00
Hire Purchase – New Timberwolf TW230DHB Woodchipper – £17,000-00
Hire Purchase – Used John Deere 6215R Tractor – £63,800-00
Hire Purchase – Used JCB 4220 Fastrac Tractor – £45,900-00
Hire Purchase – Used Range Rover Sport – £31,000-00
Hire Purchase – Used John Deere 6150R Tractor – £30,000-00
Balloon Payment Re-Finance – Used Volkswagen Transporter Van – £11,200-00
Sale & HP Back – Comacchio MC455 GT Drilling Rig – £40,000-00
Loan – Coronavirus Business Interruption Loan Scheme (CBILS) – £230,000-00
Loan – Loan for Building – £50,000-00
Last month was full of interesting projects for the Dealer Net Finance team.
We have helped clients in a range of business sectors, securing finance on a range of assets using a range of financial products.
Hire purchase agreements remain the popular way of financing assets for our clients on new & used equipment, meaning once the finance payments are paid they own the equipment outright, and they have a hard asset for their business that they can keep or part exchange for a new one.
This month we also helped a couple of client’s access money out of their current equipment:
– Balloon Payment Re-Finance – One client had a finance agreement on a van that they arranged directly with the supplier. This agreement had a large balloon payment due. Instead of paying this off or handing the van back they wanted to keep the van, so we helped them by arranging a new finance agreement on the balloon amount letting the customer keep the vehicle and pay this off over a two-year period.
– Sale & HP Back – A client had recently made a large purchase on a piece of drilling equipment, purchasing this outright from a foreign supplier. They decided after the purchase that they would like to finance part of the amount they had paid to put some funds back to invest in other areas of their business. We helped them finance £40,000-00 putting this straight into their business account.
We also assisted a long-standing farming client access a substantial CBILS Loan that will help them move forward with their expansion plans.
The 60-month loan will help the business move forward with building plans to extend their farm shop and butchering unit; the money will also help fund the purchase of new equipment to kit out the shop.
Once completed, this expansion will then create the possibility of new employment opportunities within the business over the next few years.
If you would like more information and a no-obligation quote on business finance give our team a call today on 0191 586 6168 or drop us a message through our contact us form.
Also, why not like us on Facebook, follow us on Twitter or join us on LinkedIn to keep up to date with the world of business finance.
Stay Safe.
