The Challenge
A local cafe recently decided to expand its business and open a third location, but this time they created it under a new ABN for financial simplicity.
When they applied for finance for a new coffee machine, they were told their new ABN needed the required 2-year trading history. However, grenke was able to take into account the unique circumstances of the situation and found a solution that worked for everyone involved.
The Solution
Even though the cafe's new ABN did not meet grenke's usual guidelines, they were able to establish a trading history through their previous ABN. grenke's credit team reviewed and approved the lease based on a cross company guarantee provided by the client.
Thanks to grenke's flexibility and willingness to work with the cafe, the new location was able to open the cafe on the expected timeline without having to spend a significant amount of money on a new coffee machine.
The Outcome
Financing the coffee machine gave the cafe more funds to allocate to the areas where they needed it the most for a successful launch.
If you're in the business of manufacturing and selling top-of-the-line coffee equipment, grenke can offer your customers the ability to lease your products with ease. From manual lever Espresso Machines to Volumetric Espresso Machines and Bean to Cup machines, we've got you covered. All you have to do is offer the product, and we'll take care of the financing.
