£1.7M hire purchase for plant hire business

Our clients approach

An existing client of MAF Finance group (MAF) was looking to purchase new plant machinery, including rollers, dumpers and excavators for their plant hire business.

The range of machinery was to be purchased from 4 separate suppliers, therefore identifying a solution that ensured the client could purchase the assets from each supplier on time was essential.

The financial process from start to finish

Once the team had understood the client’s intentions, a hire purchase agreement was identified as the finance facility to be used to purchase the assets.

MAF Finance Group leveraged the relationships it has with the extensive panel of funders and banks, and once the funder was selected, the deal was able to move forward efficiently.

Thanks to clear communication and effective planning, the deal was able to be completed within 48 hours.

How MAF Finance Group facilitated the intended outcome

From the plant hire business acquiring the various assets, they are in a much stronger position. The client now has a newer, higher-quality and larger fleet of plant machinery available to hire, ensuring that their clients have a better selection of assets to use for their business purposes.

MAF Finance Group offer tailored financial solutions, aiming to build long-term working relationships with businesses of all shapes and sizes.

To learn more about our financial solutions, click here. To speak to us directly, call 0115 958 6872. Alternatively, email us at [email protected].