£420k asset finance lease agreement secured for leisure business

An existing customer operating in the leisure sector was opening a large new site, but unexpected project cost increases threatened to derail the launch.

Their existing broker was unable to support the additional funding required, leaving the project at risk.

Phil Morris, Business Development Director, understood the business’s requirements and worked creatively to secure the extra finance needed to keep the project on track. This involved working with multiple lenders to secure an asset finance lease agreement of £420k spread over 5 years.

This funding complemented a bank loan as well as the customer’s own cash investment, making the overall project viable despite the increased costs.

With the funding in place, the customer was able to complete the gym project successfully, invest in the equipment they needed, and overcame unexpected financial hurdles that could have stopped the launch.