£500K Refinance for a manufacturing business

A manufacturer needed to free up funds for one of their directors to start up a new business venture

The approach

A manufacturing business needed to raise funds to assist one of the shareholders to start up a new business venture.

The cash required by the shareholder was not available through the business, and therefore we suggested leveraging the value of existing assets to free up cash.

How MAF Finance Group supported the client

Once the asset refinance route had been agreed upon, a valuation of the assets was needed. Previous valuations the client had received for the assets from other finance companies did not meet the required amount.

To raise the desired amount, the solution the funder came up with was to add in additional older machinery that the client already owned. Also, it was suggested that we should tie in the governments Growth Guarantee Scheme. As a consequence, we were able to raise the full £500,000.

How MAF Finance Group facilitated the intended outcome

Thanks to the dedicated effort and persistence shown throughout this deal, the client was able to secure a £500,000 asset refinance agreement.

By getting this deal over the line, the shareholder now has the required funds to launch their new business venture, with a method that doesn’t put unnecessary financial pressure on their current business, leaving the client delighted with the service.

At MAF Finance Group, we pride ourselves on providing an efficient and high-quality service, aimed at forming long-term relationships with clients of different sectors and sizes across the UK.

To learn more about our finance facilities, you can email us at [email protected], or if you want to speak directly to us, you can call us on 0115 958 6872 and a member of our team will gladly speak to you.