This year, Close Brothers celebrates a noteworthy 140-year anniversary. Since being established in 1878, we have been, and still are, recognised as a FTSE 250 company. With a reliably strong credit rating and offices across the UK and Ireland, we have supported SMEs for many years. Today, we have over 45,000 small business clients.
The origins of modern merchant banking have long since been recognised in Close Brothers’ entrepreneurial spirit, pioneering attitude and forward planning. These values lie at the core of our business and have enabled it to go from strength-to-strength.
Asset finance in Ireland
Close Brothers Commercial Finance opened at the beginning of the financial crash in 2008. When funding challenges were facing businesses around the world, we triumphed in Ireland, offering prudent borrowing options to SMEs.
Close Brothers flexible funding sets us apart. We offer small businesses an alternative approach to improved cash flow and design tailored solutions for the companies we work with.
Asset finance, for example, can be used to release capital that is tied up in assets, such as machinery, vehicles and stock. This can be more flexible than a loan or overdraft because the facility adapts in line with the business’ trading cycle. Funding is dependent on the company’s performance and balance sheet.
The range of asset finance products the merchant banking group offers in Ireland includes hire purchase, refinancing, operating leases, and sale and hire purchase back.
Over the last ten years, the Irish economy has seen growth, with the European Commission predicting that the country will achieve the most economic growth in the EU in 2018 and the second highest in 2019.
Close Brothers Commercial Finance have supported the development of Ireland’s SMEs during this time. We have adapted to offer ever more flexible solutions and created specialist funding plans for the wide range of sectors and companies we work with.
We know that every business is different and work closely with SMEs to find out what their pressures and goals are, before assessing relevant balance sheets to decide how to free-up working capital.
Close Brothers Commercial Finance is proud to support the ambitious, resourceful businesses of Ireland. We would like to thank all of the SMEs and sector experts we have worked with this year and look forward to continuing to help businesses thrive in 2019.
To find out more about our bespoke funding packages, speak to a local expert from Close Brothers Commercial Finance today. Call +353 (0)16994539or visit the website: https://www.closecommercialfinance.ie/