£3M refinance agreement for civil engineering business

A client required a solution to consolidate their current financial commitments

Our clients approach

A South Yorkshire based Civil Engineering company needed help with consolidating their current financial commitments, as well as raising capital to fund deposits on new large machinery purchases.

The client approached MAF Finance Group to identify a solution to deal with their financial proceedings.

How MAF Finance Group supported the client

Once a full-scale analysis was completed, MAF Finance Group and the client agreed refinancing existing assets was the ideal solution to fulfil the business’ financial needs.

As a civil engineering company, they had many large assets of considerable value that were unencumbered. Working with their team we selected the assets that would allow for the highest refinance value and align with the funder’s requirements.

After this was identified, MAF Finance Group leveraged its relationship with two funders, who supported the client’s requirements of refinancing 6 articulated dump trucks, 3 wheel loaders, and 6 crushers.

Due to the strength of the business and its contracts, no personal guarantees were required.

How MAF Finance Group facilitated the intended outcome

Thanks to the swift dealings and hard work shown throughout this deal, we were able to secure over £3 million in funds through 2 and 3-year hire purchase agreements respectively.

The client was delighted with the service from MAF Finance Group and the funders, going on to say;

“The way you have conducted yourself on all 3 of the agreements has been excellent.

The speed and efficiency in which these agreements have been concluded just goes to show that you and your company can be relied upon to do what you say you are going to do…

Thank you again for arranging this refinance and I look forward to working with you again in the future”.

From raising the funds, the client has been able to transform the business’ cash flow and how they utilise their invoice finance facility.

To learn more about out financial solutions, you can email us at [email protected], or if you would like to speak to us directly, you can call us on 0115 958 6872.