Leasing for a beauty business

Having approached us for finance to help grow her business, a customer returned to us after 12 months, asking if we would finance more equipment to continue growing her salon.

The item in question was a U225 intradermal injector and accessories, costing £12,500. As she was a direct customer we asked her (as we do with all direct customers) to source the supplier and equipment and come back to us for the finance.

Within a few weeks she came back to us saying the machine she had seen was coming from France (even with export and shipping costs is was less expensive and a newer model than the options in the UK).

As we do not make international payments, we found a solution by giving her a short-term loan. The equipment would take six weeks from date to order to be delivered, so we gave her an eight-week loan (to allow for unexpected delays).

The agreement was she would pay back the interest and other charges for the loan at the end of the eight weeks, then the capital would be used for sale and leaseback of the intradermal injector.