Printing Sector

Background

Our client, a large scale commercial printer in the , wanted to expand their business by purchasing new high tech digital print equipment. It was a move away from their traditional print methods

Problem and Opportunity

In total, a funding package of £500k was required. Their existing bank had already refused the extra funding due to existing overdraft pressures coupled with perceived poor security offered by the new digital print equipment. The directors did not wish to provide additional personal security.

Solution

The key issue was in structuring a proposal which addressed the lenders concerns whilst also achieving the aims of the directors. A funding package was obtained from a specialist provider. This released equity in existing plant and provided additional funds allowing the client to purchase the new equipment.