Demolition – A New Customer
Catfoss were asked to provide a cash-raising, refinance package of £200,000 against two crushing machines. Due to the age and type of machinery, the customer had struggled to get a response from other finance companies. An initial deal was discussed and agreed over the phone, subject to satisfactory valuations and supporting information. Upon receipt of the information, Catfoss were able to issue a full acceptance 24 hours and all documents were signed by the customer the following day. The customer received the proceeds of the refinance deal, cleared into his bank account just 3 days after the initial contact with Catfoss Finance.