Due to our strong relationships with all the UK’s major lenders and combined experience over many years, we have managed to arrange suitable finance packages tailored to the needs of virtually every industry. We are yet to find a sector which we are unable to assist and can guarantee your company will be matched to the most suited lender to meet your business needs. We are proud to have successfully concluded finance packages for our all of our customers and below are details of some recent completions.
We were approached by a client who had been looking to re finance some of his existing equipment up to the value of £200,000. They had already been made an offer by one of the leading funders of print equipment and was ready to proceed however his bank advised him to speak to us prior to signing any agreements. Within just a few hours of speaking to us we managed to find a better offer for him saving his business thousands of pounds over the duration of the contract.
A Director of an engineering company on the South Coast of England had been presented with the opportunity to purchase another company. The target company had been trading since 1983 but due to shareholder differences the company was available for sale.
The Director contacted First Financial from a referral from a local business advisory company. He had already been offered an invoice finance facility on terms that he was happy with. However this facility alone did not provide the full funding required.
First financial undertook a valuation of the combined assets of the target company and within 3 days was able to offer the client an Asset Based lending proposal.
At the core of the proposal was an Invoice Discounting facility, plus an asset finance loan secured against plant and machinery. This proposal was secured from a lender that was happy to advance a higher invoice finance amount than the clients existing invoice facility.
Completion of the company purchase took place some 3 weeks later to the satisfaction of all parties.
A growth logistics and distribution company who have grown steadily since their inception in 2008 needed to source a new invoice factoring facility for a new debtor who required 60 day payment terms. The invoice finance facility needed to be started ASAP as the debtor had been contracted two weeks previously. They had been quoted by one lender already but felt the costs were far too high.
The logistics company then approached First Financial who, due to their knowledge of the market, finance products and close lender relationships, were able to immediately confirm that there were far more cost effective deals available.
First Financial introduced lenders with the ability to move quickly and provide competitive terms. The offer was accepted by the company the same day and the lender met with the Managing Director the following day to complete all the necessary due diligence.
The single debtor factoring facility was in place within 3 days of receiving the initial enquiry and the Managing Director was delighted at this outcome.
Looking to start up his own company after many years in the trade, our customer struggled to obtain finance for equipment as his company had not yet started trading. We managed to secure the asset finance required for this new start business to ensure he was set up and in a position to commence trading day one of opening.
An existing customer of ours was looking to raise some cash to assist with costs of moving and furnishing their new larger premises. After being refused a business loan from his bank he approached us for assistance. We managed to provide asset finance, by refinancing a piece of equipment that the customer owned, which raised the funding required to cover his move.