Over the years we have refinanced a wide variety of assets that have a reasonable residual value.
One of our new brokers was asked by his customer if it was possible to fund equipment that was being shipped from Europe. To add further to complications there were stage payments involved which needed to be paid in euros, 10% on order and the balance prior to shipment.
The broker was going to dismiss the opportunity, but in conversation with KAFL we suggested that the monies could be raised on the customers existing plant in the UK, enabling them to pay the supplier as requested whilst maintaining full control.
The broker arranged an asset schedule to be sent to KAFL and upon a valuation we were able to offer a Sale and HP Back over 4 years to the company for the amount they required.