Client Overview:
Industry: Manufacturing
Challenge: Expanding production capacity to meet increasing demand
Background:
This is a well-established manufacturing company specializing in custom metal components for the automotive and aerospace industries. Over the past few years, the company experienced significant growth, leading to a surge in demand for its products. To keep up with this increased demand, the business needed to expand its production capacity by acquiring advanced CNC (Computer Numerical Control) machinery. However, the upfront cost of these machines was substantial, and the company needed a financial solution that would allow them to invest in new equipment without straining cash flow.
Solution:
The business looked for finance options, and that’s where they found us, Ignite Commercial Finance. Our team worked closely with the company to understand its specific needs and financial situation. After a thorough assessment, the team identified the best finance solution which allowed the business to acquire the CNC machinery with manageable monthly payments spread over a fixed term instead of using all their cash reserves for the purchase.
The facility ensured that the businesses cashflow remained strong whilst still being able to purchase the asset at the end of the term for a nominal fee of £150!
Client Testimonial:
“Working with Ignite Commercial Finance was a game-changer for our business. Their expertise in machinery finance allowed us to invest in the equipment we needed to grow without jeopardizing our cash flow. The entire process was smooth, and their team provided exceptional support every step of the way. Thanks to Ignite, we’re now better equipped to meet the demands of our clients and continue our growth trajectory.”*
— Matt, Managing Director.
Ignite Commercial Finance’s tailored machinery finance solution enabled the business to expand its production capabilities, enhance its competitive edge, and secure new business opportunities.