“We were introduced to Halo Finance by our IT suppliers Focus, to fund our lease purchase of new IT equipment. The new IT equipment was installed into our new offices as part of our relocation in March. The move involved not only the office but also the larger of our two warehouses. During the planning stages, we identified a shortfall in our budgeted funds set aside to pay expenses incurred during the move. We naturally approached our bank for an additional loan facility of £25k on top of our £10k overdraft to enable us to achieve the move, as we were confident that the bank would see the savings we had demonstrated in rent reductions over the next twelve months on our management accounts submitted at the time of the loan application.
Around the same time, we were contacted by Halo Finance to see if we needed any further capital funding. We outlined the required funds we had applied to our bank for and it was suggested that we could be proposed to Close Brothers for asset financing. An application for funds was made using our pallet racking as asset collateral to secure £25k. The decision was almost instant and following form signing formalities, the funds were received into our account within a few days of the initial enquiry.
Our bank took such a long time to process our loan application, that by the time we received the loan offer from our bank, we had already secured and received the funding from Halo weeks before.
Halo Finance also arranged our lease purchase funding on two pieces of plant machinery in July, which again was proposed, secured and paid to the supplier within a few working days.
I have found Halo Finance, and in particular our direct contact, Mr Luke Hultquist, to be very easy to deal with, informative and his innovative solutions have greatly assisted our business. I have and will continue to recommend Halo Finance to my business contacts and associates and Halo would always be my first call if future funding assistance was necessary.“
Director, Limpio Facilities Management
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