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Problem: New business who owns coin operated gaming machines wanted to grow their business further by purchasing some new machines. However they struggled to secure funding on reasonable terms primarily due to the nature of the assets and the business’s 12 month trading history.

Solution: Service Finance was able to fund the assets under a chattel mortgage over a 36 month term at 11.45% p.a. The client was able to provide 12 months of interim financials showing strong servicing, was well property backed and had clear credit with another financier.