Waste management finance

The waste management sector is on the rise. With the Government focussed on implementing initiatives to develop a carbon neutral society, there is a huge commitment to increase recycling and focus on the manufacturing of sustainable products.

The role of a waste management company is varied and can include the collection of regular household and commercial waste, the transportation of hazardous goods and the recycling or repurposing of all suitable items. They are a great support partner in ensuring a business takes the necessary actions to create a clean and green operation.

There are many types of materials that a waste management company can look after. To cater for this, they will typically have specific processes of recycling, landfill, incineration, compacting and composting.

One of the biggest assets that a business possesses in the waste management arena is its machinery and vehicles. This could include rear loader collectors, forklift trucks, road sweepers, diggers, separators, shredders, bailers, conveyor belts, protection devices, granulators, shears and splitters. Of course, items of this magnitude are expensive to purchase and to operate. In general, operating a waste management business requires excellent cashflow and often there will be a need to turn to business finance.

Using business finance can help companies to purchase state of the art equipment, boost cashflow, improve operating efficiency and increase staff numbers. In fact, there are a whole array of solutions that a waste management company can benefit from through business finance:

• Purchasing of new vehicles
• Introduction of latest technologies
• Boost in working capital
• Development of infrastructure
• Investment in new facilities
• Fulfilment of expansion plans
• Increase in new personnel

These are very different options and therefore companies could require a broad mix of financial products. Typical ones include:

• Business loans
• Asset finance and refinance
• Invoice finance or factoring
• Commercial property finance
• Acquisition finance

Here at NGI Finance, we have a team of experts focussed on supporting the waste management sector. Recently we have supported a business with securing a credit line that enabled the purchase of road sweepers to the value of £750K. We have also facilitated the purchase of woodchippers, tractors and diggers.

To find out more about waste management finance please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.