Could your business benefit from an unsecured loan?

Through a new link to a funder, Primary Asset Finance is now able to arrange finance for companies on an unsecured basis. These unsecured loans are generally long-term (5-8 years), can be arranged to a maximum of £5m or a 4x multiple of EBITDA, are not backed by assets and do not require any personal guarantees.

Contact us to find out if your company meets the criteria for an unsecured loan.

 

Cambridge B2B exhibition booked!

We’ve booked our tickets for the Cambridge B2B exhibition in September, organised by the Cambridgeshire Chambers of Commerce.  We’re looking forward to meeting new local business people and finding out more about what’s going on in the area!

Vehicle emission control company successfully financed!

Primary Asset Finance has successfully arrange funding for a company that provides engine converters for vehicles to meet European compliance requirements.  The company needed working capital to fulfil a large number of future orders.

With the lender, Primary Asset Finance arranged a £4.3m Invoice Finance facility and a £700k working capital facility, which would allow the company to fulfil their orders.  Furthermore, identifying a lender that could provide a growing facility meant that the funding is in the best solution for the company both now and going forwards, facilitating future growth.

For more details, visit the case study.

Corporate Development Association talk

The Primary Asset Finance team recently attended the quarterly Corporate Development Association (CDA) at the East India Club in St. James’ Square, along with the new Primary Business Finance franchise Associates. Andrew McTear of McTear, Williams & Wood gave a short speech on his experience as an Insolvency Practitioner, as well as conveying some interesting personal insights into the current economic situation. As always, it was nice to learn from a speaker experienced in their field, and to have the opportunity to meet with new and existing contacts.

We would like to thank the CDA committee for their continued commitment to providing these thought-provoking and enjoyable lunch talks – we highly recommend them!

Problems on the high street

It’s hard not to notice the increasing number of problems for businesses in the retail sector at the moment. Over the last few months we’ve seen store closures for New Look, Mothercare and House of Fraser, whilst Toys ‘R’ Us and Poundworld have gone into administration. Experts are expecting more problems to come, due to a slowed rate of growth, rising overheads and high levels of debt, potentially due to irresponsible lending.

At Primary Asset Finance, we work with our clients and funders to ensure that the lending we oversee is responsible, appropriate and transparent, so that it helps the client and company as it should. If your business requires funding and you would like to speak to us to find out what we can do to help, please email us at enquiries@primaryassetfinance.co.uk.

Updated Privacy Statement

Ahead of implementation of the new General Data Protection Regulation (GDPR) on 25th May 2018, we’ve updated our Privacy Statement to outline how we collect, store and handle your personal data.

Our new Privacy Statement is:

– simple and easy to understand

– clear about your rights with respect to your privacy and personal information

– transparent about how we collect and store your personal information

You can find our Privacy Statement here.

If you have any questions regarding how we handle your personal data, please contact us at: enquiries@primaryassetfinance.co.uk

Grocery supplier refinance success!

The Primary Asset Finance team have successfully refinanced a well known fruit & vegetable company who supply top restaurants with fresh and delicious produce. The business, with turnover of over £30m, was facing issues with it’s banker and approached us with a view to restructuring their finance and ideally providing funds for potential expansion.

After consultation on specifics and approaching our network  Primary Asset Finance have completed a £5.2m Invoice Finance facility and £2.8m of additional working capital facilities, to help the company with its future growth plans.

For more details, visit the case study.

Good Luck and best wishes in the future, Terry!

Terry Hounsome is leaving the Primary Asset Finance team, moving on to pastures new and focusing on the funding side of business. We’re sad to see him go but part on great terms and look forward to working with him again in any guise in the future. We would like to thank Terry for all his hard work over the last few years and wish him all the best.

Cold comfort…

The current cold weather snap has caught some of us who were hopeful that we were on the cusp of Spring a little unawares. It’s a reminder that just as with any walk of life being prepared for the unexpected and careful planning is crucial for any business. Primary Asset Finance helps companies to access the funding that they need to ensure that they are ready for the unexpected, these can be problems, but also those opportunities that can quickly arise. If you would like to discuss how you might be able to access working capital or finance for a specific business project please contact us.