Did you know that re-financing your existing unencumbered assets can the best way to unlock working capital quickly and effectively?
DJB visited a transport and logistics business that had recently been awarded a new £5m contract. The contract involved investment in new vehicles, new staff and infrastructure.
Whilst there was a huge benefit from the new contract the company had to fund the start up capital from cashflow.
DJB suggested re-finance as a simple solution and alternative to traditional bank lending.
A valuation of assets was obtained, a funder was sourced and the re-finance of 38 unencumbered assets was concluded swiftly ahead of the contract going live.
A simple solution and a satisfied customer.
Congratulations to Jamie Jardine on his title win at the weekend in the DJB Finance & Leasing Ltd sponsored Formula Ford 1600 pre 90 car.
Well done Jamie!!
If you have any asset finance requirements please give DJB a call:
0151-357-3787 or 07920-840-802
DJB was proud to sponsor Jamie Jardine in the FF1600 Pre-90 race at Oulton Park on Saturday.
Released on 4 April 2014
Figures released today by the Finance & Leasing Association (FLA) show that asset finance new business was up by 12% in February 2014, compared with the same month last year.
Growth was broad-based and evident across a number of key asset sectors, with plant and machinery finance up 36%, business equipment finance up 14% and commercial vehicle finance seeing a rise of 22%.
Commenting, Geraldine Kilkelly, Head of Research Continue reading
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