Nature of Business: vehicle finance
Loan details: 25 separate loans totalling £3,925,000
Loan purpose: to release capital tied up in HP loans
Final loan repayment: loan(s) repaid in full on August 4, 2017
MoneyThing has been providing regular finance to Asset Exchange at the rate of £125k-250k per month since November 2015.
This funding, which eventually reached a cumulative total of over £3.9m, allowed Asset Exchange to release valuable capital that would otherwise have been tied up in HP contracts so that it could expand and develop its business.
Our guide to borrowing with MoneyThing- coming soon