DEAL OF THE MONTH - APRIL 2018
SECTOR: CONSTRUCTION COMPANY
FACILITY: HIRE PURCHASE FIXED RATE
Established business needed to purchase various new yellow plant to support ongoing contracts. Bank was unable to support, the company was also fully committed with its usual funding lines, due to their heavy ongoing capital requirements. New funding line required urgently.
Supporting Broker approached KAFL to consider, noting well established business with strong PG. Facility agreed within 24 hours and deal was turned round and paid out within the week.