£700K refinance agreement for crushing business

An existing client required a solution to continue their investment into modern equipment.

Our clients approach

A crushing business contacted MAF Finance Group (MAF) to identify a solution to facilitate their growth objectives.

After the client had seen successful finance deals arranged across their broad range of services through MAF, they re-enquired to obtain a finance solution that would allow for continued investment in modern equipment, raising funds for deposits on new dump trucks, screeners and other yellow plant equipment, along with development to the business’ head office.

The financial process from start to finish

Thanks to the ongoing relationship between the client and MAF, a similarly restructured refinance agreement was the solution required to fulfil the client’s needs.

Once this was established, 4 asset inspections and customer meetings were required to determine an accurate value of the assets being refinanced. Thanks to the strength of the credit and the business’ reputation, we worked alongside the banks credit team to ensure the amount raised was to the initial desired value.

After the valuation was agreed, the final steps were completed efficiently, with documentation being deemed sufficient first time, and the pay-out process taking 48 hours to complete.

How MAF Finance Group facilitated the intended outcome

Thanks to the efficiency from all involved, the client can now act upon their goals. The crushing business can purchase new dump trucks, screeners and other yellow paint assets to improve the efficiency and quality of their services, with a funding line that is tailored to the client’s needs.

MAF has established a great working relationship with the client, making it the fourth deal valued above £500k for this customer, having arranged lending totalling £3.7M. The client appreciates the knowledge and efficiency MAF displays throughout the financial process, allowing them to continue their day-to-day operations with the knowledge the finance will be arranged, making for a smooth and seamless process.

To learn more about our financial solutions, email us at [email protected], or call us on 0115 958 6872.