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Success Story: Container Finance in South West England

Discover how Sterling Business Finance helped a storage company secure funding to purchase containers, overcoming financial hurdles and broker challenges.

Funding a Container Self-Storage Business’s Expansion

A container self-storage business based in South West England was originally renting containers from a well-known supplier but needed 30 new containers so they could move from renting to owning the containers.

Funding secured for 30 new 20-foot containers

Only £3 extra a month per container compared to renting fees

Whole amount funded with a tier 1 lender over a 60-month term

Secured a very competitive rate

The Challenge

After contacting multiple other brokers the customer found they were either not getting back to them or unable to help. As well as this, they were financially less strong on paper due to renting containers instead of owning them, which could have limited strategic growth opportunities, made them appear riskier to lenders and make it harder to get the required borrowing capacity with favourable terms.

The Solution

Sterling Finance was able to arrange finance for the whole amount with a tier 1 lender over a 60-month term, at a very competitive rate, allowing the business to spread the costs over time. We managed to replace rented containers with brand new ones for just £3 extra per month per container. Switching from rental units to hire purchase units allowed for the business to strengthen it’s balance sheet in the long run, whilst still having predictable monthly repayments with no large upfront cost.

Addressing the Challenges Faced by Container Storage Businesses

This case study highlights the obstacles a container self-storage business encountered and how Sterling Finance delivered effective funding solutions.

Overcoming Broker and Funding Difficulties

Sterling Finance navigated complex broker issues and financial constraints to secure vital funding for new container acquisitions.

Securing Favourable Financing Terms

We negotiated funding options that enhanced financial stability and supported strategic growth for the business.

Expanding the Business Asset Base

By acquiring 30 new 20-foot containers, the business improved its ownership position and long-term profitability.

Key Takeaways

Explore critical data points that showcase performance highlights and business milestones.

30 Containers Funded

Number of new 20-foot containers successfully financed to expand storage capacity.

60 Funding Term (Months)

Duration of the financing agreement secured to support the business’s growth strategy.

Tier 1 Lender

Competitive Rates

Competitive rate achieved, ensuring affordable repayment and improved cash flow.

A Client Testimonial

“We have engaged Jas and the team at Sterling Finance on several occasions to assist in procuring competitive finance for the fit out of our self storage facilities. We have found Jas to be an excellent communicator, always aware of our needs and able to offer great deals every time. Would highly recommend.”

Self-Storage Business based in Scotland
Founder / CEO

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Sterling Business Finance Limited (15738519) 4 Leighton Street, Woburn, Milton Keynes, Bedfordshire, United Kingdom, MK17 9PJ is a Representative of Moorgate Finance Ltd T/A MBN®. MBN is a trading style of Moorgate Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 662419. Our FRN is 1018106 Sterling Business Finance Limited is an authorised credit broker and not a lender. We work with a Panel of Lenders whose particulars will be supplied upon request to find a potentially suitable arrangement for your consideration.

ICO registration ZB726281 and you can check via www.ico.org.uk.

We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.