Vendor Programme

Key Finance unveils innovative engineering & manufacturing technology finance tools

100% funding of machinery now available via unique Project-Based Lending initiative

MACH 2018, BIRMINGHAM, UK: Key Finance has extended its ability to 100% fund large scale projects with a new finance offering for engineering and manufacturing businesses.

Key Finance’s unique Project-Based Lending (PBL) tool provides complete funding for core and associated project costs at hugely competitive rates.

The company recently worked with a leading UK aerospace manufacturer to facilitate £1.2 million funding for a new state-of-the-art riveting machine, where there was a requirement to spread the cost of the investment over time with an international supplier.

PBL is different because it eschews the historic restrictions of asset-based lending – instead recognising a client’s ability to pay, not the value of its assets and equipment.

Key Finance is also able to work with engineering and manufacturing industry suppliers through its Vendor Programme, which has been designed to help them offer quick and easy finance to their clients.

Key Finance has been providing financial support to some of the biggest companies across the globe for over 30 years, essentially working as an extension of in-house finance departments.

“Manufacturing is facing numerous challenges in today’s economic and political climate, but the roll-out of our PBL tool means that the ability to fund expansions and improvements should not be one of them,” said Key Finance Managing Director Henry Mounsey.

“We’re incredibly proud of the reputation our family-run business has earned and we welcome the opportunity to work with new clients of any size in the manufacturing sector.”

Key Finance is providing more details about its Project-Based Lending tool during MACH 2018 at the Birmingham NEC on Stand H7-131a.

For more information about PBL and other Key Finance products, visit www.keyfinance.com.

NOTES TO EDITORS

About Key Finance

Established in 1987 by Chairman John Mounsey, Key Finance is a family-owned specialist lease company providing competitive finance products across both hard and soft assets to both SMEs and international PLCs. The business practices, ideals and ethics remain the same as when Key Finance first started serving the IT community nearly 30 years ago. www.keyfinance.com

Press Contacts

Mimram Media: Lisa Carter

Lisa.carter@mimrammedia.com

Tel: 07970 164201

 

Looking back at the Retail Business Technology Expo 2017

We hope you had a great time at the recent Retail Business Technology Expo – for us it was a tremendous opportunity to meet old friends and make new acquaintances alike.

We hugely enjoyed hearing about everyone’s projects. Key Finance has been providing leasing services into the retail ecosystem for 25 years, working closely with sole traders, leading multinational chains, franchises, franchisees and distributors, and it’s always good to meet with the industry face-to-face.

At the Expo, we launched the following products, tailored specifically for retail businesses:

Shopfit Funder: We can provide funding across a huge variety of projects, including shop builds, shop fits and shop refits, in addition to the build and maintenance of warehouse and distribution centres – encompassing everything from fixtures & fittings and IT, through to architectural and planning costs. This tool helps retailers not just with cash flow and budgeting, but also administration, by pulling all costs associated with a project into one agreement.
[Download Fact Sheet]

Software Funder: We have been providing funding for IT for more than 30 years. Many banks do not consider software a tangible asset. However, we can fund 100% of software costs with Software Funder, including consultancy, implementation, training, support and licence fees. Software Funder can also include the internal costs incurred when delivering a bespoke system. In short, we can help retail businesses take advantage of new software, without the need for any upfront investment.
[Download Fact Sheet]

Vendor Programme: This tool means vendors can offer clients payment over time, enabling the customer to pay as their solutions deliver the return on investment to their business. Incorporating a finance option within a sales arsenal is crucial to providing a holistic vendor offering. We provide all our Vendor Programme partners with a dedicated account manager to help create bespoke solutions for their clients.
[Download Fact Sheet]

We would be more than happy to answer any questions you may have, whether related to the above tools or the wider world of finance.

With that in mind, please feel free to contact us on +44 (0) 1372 888 330 or email info@keyfinance.com.