Dealer Finance

positive thinking in business finance

Dealer Finance - Enables dealers to purchase plant and machinery,
either in the UK or overseas, against firm orders for eventual sale.

Introduction

Our Asset Finance Division is able to finance almost all business assets, from small ticket items such as office equipment and vehicles through to large purchases including plant and machinery. We can also finance software-only transactions and offer a professional loans product, which may be used for any business purpose.

We also provide refinance, releasing the value of both unencumbered assets and those still
subject to finance, where sufficient equity exists.

Rather than depending on credit scoring we consider all applications on their merits. This approach
often allows us to structure an acceptance for transactions which other funders would decline.

• Established 1991

• National coverage

• Up to 100% finance

• Fast professional response

• From £5k to £4m

Case Study

Importing Machinery - A machinery dealer was aware of a well maintained sought after item available overseas and had a purchaser for the machine in the UK.

His bank would not provide a facility as the machine was overseas. However, Davenham funded the deal (making the purchase by letter of credit) paying 100% of the cost and all the VAT charges.

The machine was delivered to the UK and our client was paid by his customer following delivery.

Testimonial

“Davenham's help has been extremely important for taking Terranova in the direction we want.
They were prepared to take the time to really understand our business and help us realise our goals. The reason we first went to Davenham was simple - we liked the people involved and we liked the ethos of the company.”
Alec Glover, Managing Director, Terranova.