Our business is constantly looking to increase its fleet of yellow plant and logistics vehicles to support new client contracts. As a result, we are always looking to purchase this kit using bank finance. The asset finance solutions market is a minefield; therefore, that’s why we use TheCityBroker to handle these negotiations. Within 48 hours we had a term comparison sheet detailing over 10 indicative offers from banks and specialist providers for better asset finance solutions. As a result, it will easy for us to see which options were best and which bank offered the most attractive terms. On the back of that, we let the team renegotiate our invoice finance facility, too!
TheCityBroker works with us by way of a personal friend and fellow business owner. Earlier, we sought to renegotiate our bank facilities. At the time we were experiencing significant overseas growth and needed to increase working capital lines to fund these new sales. TheCityBroker negotiated a multi-million-pound ABL with another bank. Although we did not take this forward, it was great leverage with our existing bank. As a result, the bank will match the improved terms to keep our business. The work TheCityBroker team offer for us is excellent to increase working capital lines. In summary, TheCityBroker will get a call from us when our current facility comes up for renewal.
We instructed TheCityBroker to assist us with our ongoing growth strategy. As a business, we are continually investing in our people, infrastructure, and partner network. TheCityBroker has worked with us over the past 18 months. As a result, we’ve secured capital solutions we need to achieve our ambitious growth targets. We could have approached our current bank; however, we chose to use an external corporate finance adviser due to their knowledge and experience of the wider finance market. Their hands-on commercial approach has enabled us to secure the funding we needed in weeks rather than months. A great service for the UK SMEs for secured capital solutions.
Initially, we met TheCityBroker at a private event and explained my vision for Majornet. Within 24 hours, the team were at my offices discussing the funding options available to us in the market. We are well-known by all the high street banks. However, TheCityBroker used their relationships with the whole market. Consequently, they can structure a development finance facility for a large commercial unit that we are currently building. Throughout the negotiations, TheCityBroker support by the team at all bank meetings and site visits. That’s because we’re very active in the property development game. So having the finance negotiations led by TheCityBroker gives us the freedom to focus on the job at hand.
I know TheCityBroker well, as they’ve helped me negotiate a settlement with a well-known high street bank. As a result of the bank’s previous historic failings, I was left with no significant debt burden. Thus, I was subject to legal proceedings. However, with the help of TheCityBroker and my legal team, we were able to settle this out of court and refinance my property portfolio. Before, a number of other brokers charged the earth and failed to come up with the funding required. In short, TheCityBroker now handles all of my finances. Consequently, I recommend their service to all of my business contracts.