Indoor obstacle course requires start-up funds

New-start:

Term: 5 years
Amount: £210,000
Feature: secured equipment leasing with payout prior to delivery

The directors of a new-start company required equipment to set up an indoor obstacle course. They had found a supplier but struggled to find a lender who would pay the deposit that they required upfront.

Accredo could see great potential in their business plan and the fact that they could secure the lease with a charge on the directors' residential address meant that they were able to offer the new-start company the full amount required.

Outcome

Accredo paid the 40% deposit on day one in order for the supplier to commence building the course then released the balancing 60% upon completion of the work. The funds were paid out along with wholly flexible repayments that suited the projections.

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Our short term facilities have a transparent payment profile of anything from 3 - 18 months allowing your clients to free up cash flow to run their business.

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Our longer term facilities are available for periods of 5 to 10 years.

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Secured equipment leasing

Purchasing equipment outright often requires a significant investment. Accredo provides secured equipment leasing options for most asset types including second hand equipment as well as leases for intangible assets such as software.

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Tel:  01444 255915

Fax: 01444 255910

Email: customerservices@accredoltd.co.uk

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Our products

We provide secured business loans from £25,000 to £1,000,000 specialising in solutions for new-starts, difficult credits and established companies. We lend against residential, commercial, mixed-use and buy-to-let property. 

We aim to give decisions in under three working hours. Our repayment terms are from 3 months to 10 years. And we offer fixed repayments or flexible terms such as seasonal payments, payment holidays and interest-only.

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