Asset finance, re-finance, vehicle finance, commercial mortgages, factoring and Small Firms Loan Guarantees are included in the portfolio of facilities offered by Genesis Finance (UK). We are able to provide you with flexible finance solutions whatever your business circumstances.
Each proposal we receive is reviewed on its individual merits. We appreciate that the dynamics of your business are far greater than just its balance sheet. By applying an entrepreneurial approach to your individual requirements we are able to provide a customised solution to provide what you want.
Below are a couple of examples of the type of situations we can help with.
For more information contact us or complete our contact form.
Asset Finance Case Study 1
Tailored funding package lifts engineering company out of administration
Customers objective
Financial support was provided for the purchase of a UK engineering company that was put into administration after its US parent company was forced into administration. The company, experts in producing metal pressings and castings, was to be sold as a going concern.
Problems to overcome
The £500k finance deal was particularly complex as the asset was die cast plant with limited value; the commercial property wasn’t owned; there was no deposit available and there were other legal complications.
Deal structure
A workable asset based solution was created which incorporated the funding being repaid over 60 months and with the finance company taking a shareholding with appropriate associated warranties and agreed exit routes for all parties.
Conclusion
To the customers’ satisfaction, he was able to buy the business with no outlay - and with a 3 month payment holiday.
Asset Finance Case Study 2
Essential funding package gets new start concrete company off the ground
Customers objective
A new start concrete company wanted to purchase a new volumetric concrete dispenser, comprising of a Scania truck and Armcon cementech unit, to expand their production and increase profits.
Problems to overcome
As new start business and with a deposit of only £17,000, high street funders did not have the appetite to lend the money.
Deal structure
A funding package was provided comprising of £153,000 asset finance and a Small Firms Loan Guarantee (SFLG). An SFLG is used where there is a shortfall of traditional security and is ideal for small firms and new start businesses. VAT was deferred using a 3 month charge on residential property. Once the VAT was paid, the charge was removed.
Conclusion
By using an asset finance product via Genesis Finance (UK) combined with an SFLG, even with a minimal deposit, the customer was able to complete the purchase of the cement dispenser and to start the growth of their concreting business.
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