Scaffolding company requires finance for business-critical equipment
Term: 3 years
Feature: secured equipment finance
A fast-growing scaffolding company had been picking up new contracts faster than originally expected.
The directors could access additional staff and labour resources, but needed to purchase additional scaffold poles, boards, hoists and other equipment in order to grow the business.
To add to the company's challenges, they'd experienced financial difficulties in the recent past and a number of CCJs had been registered against the business.
Accredo's underwriters liked the business plan as well as the quality of the companies the borrower was starting to contract with.