A UK PLC operating in the aerial photography sector was seeking a £1.7m sale and HP back facility.
The lend was secured against multiple specialist hard assets following an onsite inspection by our in-house asset management team. The deal was also supported by a first ranking debenture.
The structure provided consolidated multiple funders, bringing the clients monthly HP liability onto one document and one monthly payment.
In addition, a high rate, short term, unsecured loan facility was settled. And in offering a 48-month term the client was provided with a £7,500 monthly saving on their liabilities.