Finance Lease For Horse Water Treadmill And Cold Water Spa System

Thank you to Jake Rose from Moorgate Finance for working with us on this deal.

When this deal first came to Jake from the supplier, at first glance it looked a tricky one to place:

• New Start
• A large lend for the size of business
• Unusual asset
• Partnership rather than limited company – meaning it’s more difficult to uncover accounting information

But Jake did some digging, and pulled the relevant information out of the customer to provide a persuasive write up of the deal.

He also had Asset Advantage on his panel who:
✔ Will consider new start businesses
✔ Are open to unusual assets
✔ Will listen to the story of the deal.

In this case the deal was a new start business operated by two very experienced owners. They had had a successful trading period so far, and
were requesting finance for a Horse Water Treadmill and Cold Water Spa, as they believed this could significantly enhance their existing offering, and open up a lucrative new revenue stream.

£105,000 Finance Lease for Horse Water Treadmill and Cold Water Spa System on a 5 year term.

Crucial to the success of the deal was the fact that Asset Advantage could offer the finance over a 5 year term. This would enable the business to have lower monthly payments which was very useful to them.

Jake went the extra mile to ensure the documentation was completed and the asset installed as quickly as possible. He visited the customer in person to complete all documentation on the spot, then hand delivered it to Asset Advantage. This personal touch ensured no errors happened, he also went to supervise the 4-day installation period of the equipment. This proactivity ensured a frictionless relationship between the customer, lender, supplier and broker. And Jake gave a special thanks to the Asset Advantage Payout team, for their experience and support throughout the whole process.

Jake said: “This was a really good deal to get over the line and completed. It looked tricky at the outset, but now it’s all done, everyone is paid and the asset is delivered.”

Insight from Vickey Want Assistant Director of Credit: “Although this was a young company the asset provided the customer with a new revenue stream that was aligned with the rest of their business. A known business model to Asset Advantage combined with very experienced owners, led to an approval on this deal.”