Current predictions are that the manufacturing sector is on a growth curve and many companies are looking to invest in new machinery. Here at NGI Finance we have seen this first hand, having recently completed an asset finance deal for a CNC machine for supplying products in to the pharmaceutical sector and a second deal for a CNC machine for assisting with the manufacture of some composite technology. Both deals were in the region of £70 to £100k.
Asset finance can provide a lifeline for any manufacturing business, providing a cashflow boost to assist with purchasing new machinery, updating equipment or even increasing headcount. It is a highly flexible solution which ensures repayments do not drain working capital, in addition there are also some good tax allowances for business users.
The NGI team have broad experience working across the manufacturing sector. If you would like to discuss how manufacturing asset finance can help achieve your business growth plans, please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.