Over the years we have refinanced a wide variety of assets that have a reasonable residual value.
One of our long standing and experienced brokers had a proposal for us to consider. His customer was looking to acquire a small haulage company to add to his existing business.
In order to raise the funds required the Director was happy to put in some cash but needed to raise the rest via refinancing some of his existing fleet and on the vehicles that were with the company he wished to acquire.
KAFL and the broker went to see the customer at his premises and also visited the site where the other business was based that he wished to acquire.
Following a successful meeting a facility was agreed on a Sales and Leaseback over 36 months.
This enabled our broker's customer to purchase the business whilst preserving jobs in the area.