Plant & Civil Engineer Feb-Mar 2022

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financial services

CLOSE BROTHERS COMMERCIAL FINANCE

REFINANCE SOLUTIONS OFFER QUICK ACCESS TO WORKING CAPITAL In 2008, Close Brothers Commercial Finance opened its doors in Ireland during the financial crisis. We were able to help businesses across the country, and our prudent approach has proved equally useful in today’s challenging market. Throughout the COVID-19 pandemic and Brexit, the we have continued to provide specialist finance to companies of all sizes. As part of a merchant banking group, we offer a range of funding options in Ireland, including invoice finance, asset based lending and asset finance. Over the course of the last 24 months or so, asset finance has proved to be especially popular with SMEs battling with challenging market conditions.

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PLANT & CIVIL ENGINEER

REFINANCING SOLUTIONS Refinance, for example, can provide a lifeline to businesses who need to access capital quickly. It releases capital tied up in assets, such as vehicles and equipment, improving cash flow immediately without disrupting work. Close Brothers Commercial Finance’s refinancing solutions work simply. Working capital is released against the value of assets on your balance sheet and you lease them back over an agreed period. This means that you can continue to access and use essential vehicles and tools while benefitting from a cash lump sum. Our agreements are designed to adapt with your business. We

can arrange for repayments to match income patterns, such as seasonal peaks and troughs, and if you already have agreements in place, we can refinance existing debt to reduce monthly outgoings and ease cash flow. The Close Brothers team has comprehensive knowledge of the different industries and extensive experience providing sustainable funding. We aim to give businesses growth opportunities. We can help you find an affordable way to secure the new assets you need to grow by arranging a bespoke refinance package. We offer a flexible range of financing options tailored to your needs.

CLOSE BROTHERS Close Brothers is a merchant banking group providing

lending, deposit taking, wealth management services, and securities trading. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250. Our core purpose is to help the people and businesses of Britain and Ireland thrive over the long term. To achieve this, all of our diverse, specialist businesses have a deep industry knowledge, so they can understand the challenges and opportunities that our customers and clients face. We support the unique needs of our customers and clients to ensure that they thrive, rather than simply survive, whatever the market conditions. Visit our website to find out more: https://www. closecommercialfinance.ie/


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