Making your budget work harder
Challenge
As companies expand by acquisition and continue to invest in their business, they can be left with budgetary issues, which could stall attractive projects. Bluestone can utilise recently purchased assets to raise finance for such businesses.
Case Study
One such example is a large national company which wanted to expand into a prestigious new building in order to centralise the business. We regularly provided finance for their client base and they therefore approached us desiring to finance some of their recently acquired assets to help them make further scheduled purchases which they did not have the capacity to make.
Our Solution
A finance agreement for a total of £400,000 was agreed to fund assets including, IT, AV and furniture. Due to the cash purchases the company had made during the recent past, the underwriting of this project was challenging. We therefore secured a large portion of the finance with the client's holding company by using the office building as security.
The credit line had to be secured with relative haste so as not to hinder the client's planned future procurements.
Challenge
As companies expand by acquisition and continue to invest in their business, they can be left with budgetary issues, which could stall attractive projects. Bluestone can utilise recently purchased assets to raise finance for such businesses.
Case Study
One such example is a large national company which wanted to expand into a prestigious new building in order to centralise the business. We regularly provided finance for their client base and they therefore approached us desiring to finance some of their recently acquired assets to help them make further scheduled purchases which they did not have the capacity to make.
Our Solution
A finance agreement for a total of £400,000 was agreed to fund assets including, IT, AV and furniture. Due to the cash purchases the company had made during the recent past, the underwriting of this project was challenging. We therefore secured a large portion of the finance with the client's holding company by using the office building as security.
The credit line had to be secured with relative haste so as not to hinder the client's planned future procurements.
