Asset Finance to Purchase a Dozer
- Client
- UK quarry operator
- Finance type
- Asset Finance
- Amount
- £578,577
- Lender
- Close Brothers
- Outcome
- Completed in 10 days
- Commission
- £20,250
- Location
- Cornwall
- Lead source
A quarry operator in Cornwall needed to open up a new level on their site, and that meant getting a 2012 CAT D10 dozer onto the ground. Rather than tie up a large sum in a single purchase, the client wanted the machine financed against the asset itself.
We placed £578,577 of asset finance with Close Brothers, completed in 10 days. The new level could be worked straight away, without draining the operating cash the quarry needed elsewhere.
Read next
All postsSecond Charge Bridge on a Main Residence
A private medical practitioner needed to clear a business loan and expand across London. A £1.14m second charge bridge in six weeks.
Bridging Facility to Start a Development
A developer with adverse credit needed to get a site started. £332,500 of valuation-only bridging, completed in six days.
Bridging Facility to Raise Capital
A property investor needed to finish a loft conversion and certify it. £70,000 raised on a desktop valuation in 14 days.
Start your commercial finance business.
Book a no-pressure call with the Broker Launch team. We'll walk you through the model, OrionOS and whether it's the right fit for you.