LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised an engineering company on raising capital to help grow the business.
LEES corporate finance team was approached by an innovative and fast growing engineering business that required a substantial new machine to facilitate their growth plans and enable them to access new markets/customers. LEES assisted them, through our alliance with Capitalise, to seek an asset finance of c£500k to fund the purchase. LEES assisted with making the application and exploring options and Capitalise was able to obtain two competitive finance quotes in a relatively tight timescale.
The deal was completed successfully to secure the funding, at a competitive rate and without the need for Personal Guarantees. The machine was delivered and funded on time to enable the client to install it and use it to help them continue to grow the business.
