Stay ahead of the processing & packaging pack with asset finance
As we move forward in 2021 , demands on the food and drink processing and packaging industry are rising . From the ever present need to maintain output and quality , while minimising costs ; to consumer-driven calls for a reduction in the use of plastic ; and the requirement to invest in new technology to remain competitive , the external pressures are mounting .
Jon Maycock , Commercial Director at Propel Finance , explains : “ It ’ s essential that businesses continue to drive investment in equipment at all stages of the production process , from primary and secondary processing through to packaging and end of line , to make productivity gains , achieve efficiencies and secure a competitive edge .
“ In the current challenging environment , asset finance has come into its own as a leading funding solution enabling food and drink processing and packaging businesses to keep on going during the pandemic and even thrive . Asset refinance is also proving an increasingly popular option , allowing businesses to free up the cash tied up in their existing equipment .” Jon concluded .
The advantages of asset finance to businesses are clear :
• Access the most productive and efficient equipment and machinery immediately
• Avoid a large capital outlay
• Spread the cost of the assets over time
• Boost your cash flow
• Unleash your working capital
• Preserve your existing credit lines
CASE STUDY : PROPEL SUPPORTS CORNWALL ’ S ORIGINAL SOFT DRINKS COMPANY IN DRIVING VITAL INVESTMENT
Jolly ’ s Drinks is a soft drinks manufacturer operating in the wholesale market , but legislative issues surrounding sugary goods and single-use plastics , as well as changing consumer tastes , meant that additional investment in new equipment was required to move the company forward
and fast . Propel took the time to understand the specific objectives of the business and responded with a finance package to meet the tight timescales required .
Cheryl Ingram , Managing Director at Jolly ’ s , commented : “ We were impressed with the overall level of support provided by Propel compared to other lenders . We ’ ve already gone to market with some of our new flavours – attracting new custom , increasing headcount and our turnover in the process – as a result of the support we received .”
To discuss how you could benefit from an asset finance solution designed around your business , call Propel ’ s specialist team on 01633 982922 or email contact @ propelfinance . co . uk .
Finance is subject to status . Terms and Conditions Apply . Propel acts as a lender or a credit broker for business customers only .
Jon Maycock 10 FDPP - www . fdpp . co . uk
Cheryl Ingram