Lloyds TSB Commercial Finance
has provided an asset finance facility for Newton Abbot-based
groundworks firm Tanner and Bruce.
Lloyds TSB to helped fund the
capital outlay for a new excavator which Tanner and Bruce required
to fulfil a series of new contracts. Lloyds agreed a deal within 24
hours.
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Jim Bruce, co-founder of Tanner
and Bruce, said acquiring new the equipment was essential to
providing their services and added: “Paying cash outright from our
balance sheet for the new excavator would have put significant
pressure on our working capital.
“The facility from Lloyds TSB
Commercial Finance ensured we were able to fund upfront
costs.”
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