We are delighted to have drawn a £35,000 tractor finance facility for a Groundwork contractor.
The facility was for a 2010 New Holland tractor which the business uses to clear construction/development sites. The age of the asset meant that the manufacturer’s own tractor finance wouldn’t consider funding.
Cash flow was tight for the business, so the size of any deposit was a crucial factor. In spite of the busiest January we have seen, we had the tractor finance facility approved in 4 hours with ZERO deposit, with funds being paid to the supplier within 3 days.
The funding allowed the business to purchase an essential piece of equipment, with no upfront cost and within a timescale that allows the tractor to be on-site in under 5 working days.
Of the purchase, the customer said: “Would highly recommend using Kyle for any financial services you need. He is extremely efficient, always finds competitive rates and goes the extra mile to get things completed in a matter of hours. We always use Kyle and will continue to do so with future business!”