Multi Option Business Borrowings and Asset Finance

Capital United recently tendered a funding need on behalf of a client who had a long term relationship with their Bank and wanted to test the market to ensure they had the most competitive pricing and loan conditions available.  The client also needed additional funding for future capex.   In consultation with the client, Capital United prepared a detailed tender document which included a background on the business; the key personnel; analysis of the financial performance; and details of the funding requirements.  This was presented to selected lenders who were asked to provide indicative offers.  The offers were analysed and presented to the client with our recommendations.

The tender was respectfully conducted and included the incumbent Bank who “fought” very hard to keep the client.  The incumbent bank retained the client and the end result was an improved structure; increased funding; equity released against existing assets; improved pricing; lower repayments and a better working relationship between the Bank and the client.

Date: 2021

Client Industry: Aerospace

Debt Funding: Circa $35,000,000

Type of funding: Multi Option Business Borrowings including asset finance

Lender: Major Bank

Rate & T&C’s: Market Leading