Sale & Hire Purchase back on Machinery deal
Posted on 26th October 2022 at 13:48
Enquiry: A customer returned to us for some help with financing a piece of machinery from abroad. They were purchasing straight from the manufacturer as they continue to grow and drive their business forward. One little hurdle was that the equipment was being bought in Euros.
Solution: We were able to source a lender who would happily offer a sale and hire purchase back deal for this equipment. Our customer bought the equipment direct from the supplier in Europe and paid in Euros. The funder delivered a sale and hire purchase back offer so our customer effectively sold the equipment to the funder and will make the monthly payments in sterling pounds over the course of the deal.
Great news as it allows them to release cash back into the business.
Product: Sale & Hire Purchase Back £33,000
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