Iveco Daily FC fp ad.indd - Export & Freight

financePutting youin the driving seatIncreasing costs and decreasing credit in the market have put unprecedented pressure onthe transport and logistics industry. But, as Adrian Madden, Head of Sales, for Close BrothersCommercial Finance’s asset finance division in Ireland, explains, for progressive businessesin the sector, there are funding solutions available that put you firmly in the driving seat.Meeting the needsof your customersand suppliers, whilstmaintaining good cash flow hasnever been harder. Squeezed onall fronts by the ever-escalatingprice of fuel, the higher costof meeting EU legislations anddirectives, increased road taxesand the lack of credit availablefrom the banks – the pressurereally is on the transport industry.The increased focus and successof businesses on both sides of theborder to increase their exportshas provided the sector with amuch-needed boost. However,meeting the needs of this exportdrive, without access to workingcapital is proving difficult formany in the transport industry.Upgrading your fleet, taking onnew staff to handle new businessand even just keeping on topof the additional cost to fuelthe exports leaving our shoresis tough. However, to not onlypower the economic recovery butalso keep this vital sector on theroad – investments must be made.Of course, this takes funding, andfor many companies this might beto the detriment of their cash flowand therefore seems impossible.Especially with bank lendingcontinuing to be hard to come by.And that’s where assetfinance comes in.This includes asset refinancing,hire purchase and leasing, whichcan be used to boost cash flowand purchase or upgrade vehicles,plant or machinery as required.Asset finance is one of the fastestgrowing funding options in themarket. Clients we work with aremoving away from the traditionalone stop banking, and are lookingto use a range of funding optionsthat best suit their requirements.Our local team will workwith you to create a bespokefunding solution that is in linewith your business objectivesand aspirations. We will adviseyou which of our asset financeproducts best suits yourrequirements and ensure thatyou have the right solutionto manage your cash flowand grow your business.With a minimum initial outlay youcan purchase new assets such astrucks, vans or equipment andstructure repayments based on theincome that these assets generate.Alternatively, you can releasecapital against assets you alreadyown through our key products,‘sale and HP-back’. We are one ofthe only companies in Ireland tooffer this funding and it has givenmany of our clients the financingto purchase other equipment or touse in other areas of the business.We can also release additionalworking capital through invoicefinance, which could see youaccess up to 150 days of creditand up to 85% of the value ofyour sales ledger. Our onlineinvoice discounting facility, IDeal, integrates seamlessly withmost accounting systems andgives you access to funding24/7, while allowing you tomaintain control of your owndebt collection and valuablecustomer relationships.Our team of specialists hasextensive experience in theindustry and understandshow demanding thetransport sector can be.We know how vital this industryis to our economic recoveryand want to provide you withfunding solutions that putyou in the driving seat.Close Brothers CommercialFinance (Ireland) is part of theFTSE 250 UK specialist financeservices group Close Brothers.The company has operationsAdrian Madden, Head of Sales, Asset Finance, Republic of IrelandClose BrothersCommercial FinanceTo contact Close Brothers Commercial Finance:Adrian Madden, Head of Sales, Asset Finance, Republic of Ireland:e. amadden@closeasset.co.uk t. +353 871 70 1101Paul Close, Head of Sales, Asset Finance, Northern Ireland:e. pclose@closeasset.co.uk t. +44 7500 038908Paul Stephens, Head of Sales, Invoice Finance:e. pstephens@closecommercialfinance.ie, t. +353 868 12 646327Close Brothers 1pg.indd 27 19/03/2012 16:40