Equipment Purchase – During a pandemic
Our client wanted to “hire back” some larger pieces of industrial equipment which they recently purchased, and was arriving from overseas.
Arrival of the equipment was delayed due to Covid-19 which would have taken the finance Start Date beyond Lenders’ acceptable “hire back” period.
We were able to gain agreement from the Lender to exceed the normal hire back age of equipment to complete the transaction.
Successfully settling this finance replenished the cash flow of the business, allowing further capital equipment purchases to improve trading performance and meet the demand of buyers.