New start flotation centre. Good investment into the business and a lot of cash available behind the business. Running current successful companies.
Strong personal searches on the director and good VR history. Homeowner. Additionally owns 3 properties, each with good equity.
Originally proposed for fixtures and fittings at the cost of £25,000.00 + VAT – up to max credit with other funders and some assets not accepted by other Tier 2 funders.
We do accept intangibles for stronger proposals, for example – 75% tangible, identifiable and easily demountable equipment and 25% intangible, small asset.
Here we offered £20,000 based on the above mix – however the customer has already recently purchased 2 flotation tanks – so we offered a sale and leaseback for a similar value to give us a stronger asset and to give the customer the cash to purchase the other less tangible assets.