The power of asset finance

ADVERTISEMENT FEATURE

By Aaron Khatkar, Relationship Director, Propel (pictured)

Birmingham is the engine room of the UK economy and home to world-class manufacturing businesses.

Only by staying agile and equipping to meet new demands by driving enhanced efficiencies, productivity and performance will businesses emerge stronger. It’s therefore critical that businesses in the region have access to flexible finance to acquire the assets they need.

In these rapidly changing times, we recognise that continued investment in assets to build capacity and competitiveness is essential to growth. It’s also never been more important to work with finance partners you can trust.

Propel is one of the UK’s largest independent finance houses with a 20-year track record in supporting over 40,000 customers with the asset finance they need to obtain business-critical equipment and vehicles. By bringing together experienced people with advanced technology, we’re able to offer a best-in-class service and a streamlined process, enabling you to harness the most efficient assets available quickly and easily.

Every asset utilised demands a payback through either generating additional income or by creating extra savings and efficiencies. The benefits of asset finance to your business are clear:

Access the latest assets immediately – Increase capacity and drive competitiveness.

Boost your cash flow – Spread your asset costs over time, simply, quickly and conveniently.

Unleash your working capital – With no need to pay for assets upfront, you can unlock your capital for more profitable use.

Preserve your existing credit lines – Your existing arrangements, such as bank overdrafts and loans, remain completely untouched and available for your use.

Alternative finance is a critical source of liquidity towards business growth & success. Matching the right financial solution towards specific business needs makes investment decisions easier & clearer. Through specialist finance and equipment knowledge, an asset finance solution matches the demands of your capex investment & equipment usage.

Preserving cash is critical in the current economic climate, hence investment decisions are more challenging. However, a suitable asset finance solution eases these decisions whilst also preserving headroom within your existing bank lines. That’s why at Propel we’re keen to partner and help you progress your investment decisions with expertise, confidence & ease.

Asset refinance is a highly effective way for businesses to free the cash tied up in their existing business assets. You continue to benefit from the efficiency and productivity of using the assets, while generating additional cash for your business needs and expansion plans. In circumstances, where you have purchased assets within the last 6 months, an asset refinance solution could effectively ‘refund’ up to 100% of the net purchase cost of your equipment.

Finance from Propel hands manufacturer a boost in business

A large Walsall based printing manufacturer had recently secured a new contract supplying PPE equipment to local authorities. This commitment led to the manufacturer seeking working capital to ensure they could supply the demand. After contacting Propel, it was established that there was unencumbered machinery which the manufacturer had paid for out of cashflow previously. Propel arranged a valuation on the equipment and refinanced a proportion of the value into the manufacturer’s working capital; and structured a four-year finance agreement package to suit the latter’s needs.

At Propel we have one simple aim - we’ll get your business moving forward faster with the best equipment and vehicle finance solutions. Let us focus on your finance, so that you can focus on your future.

Aaron meets the needs of businesses, enabling them to make informed decisions by providing simple access to finance and innovative solutions which make best use of their capital.

For any enquiries, please get in touch with him directly by calling 07458 031892 or email akhatkar@propelfinance.co.uk . For more information, visit www.propelfinance.co.uk

This advertisement feature appeared in the July/August 2021 edition of Birmingham Business