£914K refinance for a construction company

A construction business needed to refinance current assets to aid cash flow and support business growth.

The long-standing MAF Finance Group client which is a leading operator in the quarrying sector, producing vital minerals and aggregates needed support to grow their business.

As part of their growth strategy, the company identified the need to open a new quarry. However, like many capital-intensive industries, upfront costs such as purchasing machinery (excavators, screeners, etc.) and managing cash flow presented significant challenges.

Although the client had a longstanding relationship with a major Highstreet bank, they sought more competitive and flexible financing options to meet their needs.

Using our wide panel of funders, we managed to arrange a £914,000 refinance deal where several of the company’s current assets were refinanced to provide cash back into the business.

The refinancing deal was structured over 36 months with favourable repayment terms which provided the client with the necessary upfront capital to develop the new quarry.

The client was extremely satisfied with the outcome and speed of completion the deal which marked the third successful refinance agreement deal completed for the client with MAF Finance Group.

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