‘UNTHA Finance’ launched to support industry growth
UNTHA UK has marked the official launch of its new finance division with the unveiling of a new video blog from managing director, Chris Oldfield.
The finance division, which was launched last month, aims to help change the investment landscape and encourage greater growth and investment in the recycling and waste management industry.
‘UNTHA Finance’ is an asset-based lending provision, designed to make waste machinery accessible to all organisations regardless of their balance sheet, credit history or length of trade. It is hoped that the new service – which is the brainchild of industry guru Chris Oldfield – will alleviate some of the financial constraints currently faced by firms looking to improve their efficiencies or expand their operations.
Comprising a range of flexible packages including shredder leasing and hire purchase, the finance service is available to any organisation for any machine from the UNTHA fleet.
Considering the reasons for setting up this new division, Chris explains: “As the economy continues to recover from the recession, many businesses are finding it hard to raise the capital to purchase a shredder outright, whilst other organisations quite rightly want to protect their cash flow.
“However with Government funding notoriously complicated and many financial institutions still reluctant to lend, this can leave companies with very few investment alternatives. It is perhaps even harder for new start ups or companies that don’t have a particularly strong balance sheet. So rather than simply watching these struggles take place, we’ve actually taken action.”
With utmost confidence in its future-proofed shredding technology, UNTHA will lend against the value of the machines. This means that UNTHA shredders are now accessible to all organisations regardless of their financial status and business history. It is hoped that this will prevent vital waste, recycling and resource recovery projects from being delayed or worse still shelved.
Chris concludes: “Our introduction of financial support, coupled with our extensive knowledge of Government grants and incentives, means that the shredders are now more affordable than ever.”
To view Chris’ video blog and hear more about how UNTHA Finance can help make investment opportunities a real option for you, click here.