Fresh food upgrade needed
Time critical finance:
Term: 6 months
Feature: option to extend
A fresh food producer, supplying supermarket chains, was told it needed to adapt its handling plant to meet new health and safety regulations or it would lose its contracts.
Traditional agricultural finance houses couldn’t assist due to the intangible nature of the assets and, with the farmers in their late 60s, traditional finance houses were dragging their heels over home mortgage issues.