Finance Lease For Laser And IPL Machine

“Asset Advantage was the only funder who would fund 100% of the deal.”

Thank you to Andy Bullock Director of CMF Ltd (Corporate and Medical Finance Ltd) for working with us on this deal.

Andy’s client, a GMC-registered doctor now works privately carrying out a range of aesthetics and semi medical procedures. He required a Laser and IPL Machine to be able to carry out a range of treatments without having to invest in numerous devices.

However, due to a short time out following an operation, the balance sheet showed a loss for 3 months. The business and director had fully recovered, but this period of loss made finding finance more difficult.

Andy initially took this deal to two other funders. One funder approved the deal, but wanted a large cash deposit. This wasn’t possible for the client as he had recently paid out for the refurbishment of his premises.

The other funder asked lots of additional questions. This led Andy to approach Asset Advantage who were happy to provide 100% of the funding without asking any additional questions.

The customer secured £80,454 Finance Lease, repayable over 5 years.

Andy Bullock said: “I really value my credit line with Asset Advantage. I like the way they underwrite. They are very clear, I know where I stand, and I understand what they’re after.”

Insight from Assistant Director of Credit Vickey Want:
“The losses on the balance sheet could be explained by a routine operation, and the business was profitable throughout the rest of the year. The business also did not have much other debt, and the income, property ownership and professional standing of the director meant this deal reached an approval.”