Purchasing equipment in a secondary market can be both lucrative and problematic. If done astutely, clients have the ability of picking up high quality assets that are well below market value. However, financing options are severely diminished when not purchasing “new” items.
A client was referred to Hermes to fund the purchase of machinery that would complement their current offerings. This particular asset would allow them to complete the full scope of work within their major contracts – without subcontractors. In turn, this would increase both sales and margins.
A demolition and excavation company found itself in financial trouble after 12 years in the business. The company had been growing organically, and outside of equipment finance, had never sourced any type of working capital facility. Unfortunately, in 2019, the company suffered their first full-year loss due to a major customer going into liquidation and, as a result, failing to pay their debts.
< NEWS ARTICLES Funding rapid growth in the renewables sector News Flash Hermes Capital provides a range of unique asset based lending solutions for SME's to help manage cash flow and assist with growth. Under our invoice finance facilities, Hermes provides working...
Payments to key suppliers are crucial to the viability of any business, especially when suppliers and wholesalers account for the majority of a company’s turnover. But how does a business remain on good terms with a supplier when unable to keep up with their obligations?
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