Berkeley can now facilitate the purchase of large capital equipment by providing a purchase finance facility, paying deposits and final payments to the supplier once manufacture is complete. This bridges the funding gap between the manufacturing process and the point of acceptance of the goods by the asset finance house.
Berkeley is repaid via the invoice finance facility although the end customer may utilise an asset based funding facility secured on the machinery to make the repayment.
Berkeley has relationships with a number of asset based funders that can provide such facilities to the end customers to support the repayment of the transaction. Sometimes the asset funder can also become the end customer directly and issue orders to ensure the transaction can meet the necessary funding criteria.
Thank you for your support – everyone in the team has been great to deal with.
- Sourcing House and Precision Parts Supplier
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