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
Mimram Media: Lisa Carter
Tel: 07970 164201