Background

Sector – Construction

Very longstanding client of CCBS – looking to purchase three additional assets before Christmas to improve efficiency and capacity.

Challenges

• Client trading very well with strong growth, but has two previous failed businesses in same sector.
• CCBS has worked extensively with the team over the last 10 years. Working through previous failures and establishing new lines of credit with range of lenders.

Solutions

Facility: Hire Purchase, 100% LTV with GGS
Line size: £66,750

• Recent deals mark period of growth and stable trading. New lender supported having previously declined applications.
• New credit line secured in 24 hours of enquiry to allow assets to be secured. Two deals drawn in a week to purchase and allow delivery pre-Christmas.