Mills CNC Finance offers broad and flexible proposition

1 min read

Mills CNC Finance, the independently operated finance arm of Mills CNC, has launched its new website – www.cncfinancing.co.uk - providing information and assistance to UK and Irish manufacturers looking to invest in new CNC machine tools, irrespective of make or model.

Explains Mills CNC Finance Manager, Ian Barber: "Although we work closely with Mills CNC, the exclusive distributor of Doosan machine tools in the UK and Ireland, and, indeed, provide asset finance help and assistance to a significant (and growing) number of manufacturers looking to invest in new Doosan machine tools, the scope of our operations is much wider, and the breadth of our services is explained in the new website. "One of the key and most compelling attributes of Mills CNC Finance is its independence. This means that, unlike many asset finance companies and brokers, we are not tied to any particular lender - so customers can access the broadest, most competitive and flexible range of funding/finance packages and deals available on the market." Mills CNC Finance has a flexible approach and works closely with customers - getting underneath the skin of the organisation so that it knows and understands what makes it tick. Continues Mr Barber: "The one-size-fits-all blanket approach to asset finance simply doesn't work. Instead, because we put in the spadework, and because every customer is different, the funding options we prepare and present are tailor-made to every customer." For example, customers can be advised and helped to consolidate their existing finance agreements (if and where they exist) by extending the terms of a pre-existing arrangement, which can enable them to reduce their monthly outgoings. Mills CNC Finance can also work with customers to free-up any equity capital they may have tied up in their existing machine tools. This approach can help customers liberate equity to find the deposit for a new machine tool, or help them re-structure their existing financial arrangements, so that cash flow and access to working capital are not adversely affected. "Current economic conditions mean that machine tool manufacturers and suppliers need to help their customers' access the best and most appropriate funding and finance arrangements," Mr Barber underlines. "Customers' depleted internal finances and/or difficulties in obtaining credit can, for some manufacturers, appear insurmountable. But, with a fresh pair of eyes and a fresh approach to funding, we can help, and are helping manufacturers invest in new machine tools."