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Construction ·Asset Finance

Hire Purchase funding for a 20-tonne excavator helped a groundworks contractor win a housing contract

What the business set out to do

A groundworks contractor needed a new 20-tonne excavator to bid on a large housing development but didn't want to tie up cash reserves ahead of the tender deadline.

Supporting facts

Facility Amount
£128,000
Term
60 Months
Rate
11.4% APR
Time to Fund
4 Days

The ambition

A groundworks contractor needed a new 20-tonne excavator to bid on a large housing development but didn't want to tie up cash reserves ahead of the tender deadline.

How the finance was structured

Arranged a Hire Purchase agreement over 60 months with a fast-track credit decision suited to the contractor's project-based cash flow.

Client details are anonymised. Figures are the facility terms published for this case; lenders make their own credit decisions and every case is assessed individually.

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Aiden Wootton, Construction & Engineering Specialist at Sorbus Finance

Aiden Wootton

Construction & Engineering Specialist

Construction, engineering, manufacturing, plant and trades

Profile

Brokers shown are relevant specialists, not necessarily the broker who arranged this case.

Or call 01246 383500
  1. STEP 1

    A conversation with a broker

    You talk to a real Sorbus broker about the business, the purpose and what is affordable. No application at this stage.

  2. STEP 2

    Credit placement

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  3. STEP 3

    Lender assessment

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  4. STEP 4

    Documentation

    If a lender offers terms and you accept, we help coordinate agreements and payout paperwork with you.

Every step after the first is optional. You can stop after the conversation. Sorbus is a broker, not a lender.

Client journey

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