Alchemy Business Finance has completed a £38,500 asset finance facility for a small rural contractor based in the South East who had previously been unable to secure funding through high-street lenders due to historic credit issues, including CCJs.
The client required funding to acquire essential equipment to support ongoing trading. Although the business was operating and generating income, earlier financial difficulties and recorded CCJs meant that traditional lenders were unwilling to proceed.
Working with the client and introducer, Alchemy assessed the case on an asset-backed basis, taking into account the strength of the equipment, current business performance, and affordability going forward rather than relying solely on historic credit profile.
The facility enabled the equipment purchase to proceed, allowing the client to continue trading and maintain operational capacity.
Commenting on the transaction, Dean Pollen, Managing Director at Alchemy Business Finance, said:
“Cases like this show that adverse credit doesn’t always mean funding isn’t possible. Where there is a viable business and a suitable asset, specialist lenders can often structure solutions that mainstream banks cannot support.”
Why This Matters for Brokers
• Clients with CCJs or historic credit issues are frequently declined by mainstream lenders, even where affordability is sound.
• Asset-backed lending can provide a practical route forward when security and business viability are clear.
• Demand for specialist solutions remains strong as many agricultural businesses continue to recover from recent economic pressures.