KINGSLEY ASSET FINANCE SPONSORING RACER ADAM SMALLEY
7 August 2020
This year we are proud to announce we are supporting local racing driver, Adam Smalley.
Funding business acquisitions with the help of asset refinance.
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.
"Beechwood Finance has been broking both asset and commercial loans into KAFL for many years. We always feel confident that they will give careful consideration to our proposals, with their commercial approach and can do attitude they are a pleasure to deal with."
Frazer Robson / Director
Aug 7, 2020
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