Following a successful funding project in the past, Spark was approached once again by a valued client in the construction industry. The client, aiming to improve their environmental footprint and reduce long-term energy costs, sought to invest in solar panels for their business premises. With the project qualifying for a renewable energy grant, 40% of the total cost was already covered. However, the client still needed to finance approximately £40,000over a period of five years to complete the installation.
While exploring funding options, the client had received an alternative finance offer from another provider. Despite this, their previous positive experience with Spark – noted for being quick, efficient, and stress-free – made them keen to work with us again. They expressed a strong preference to stay with Spark and asked whether we could negotiate a finance deal that would match the competitor’s flat rate.
Spark’s team promptly reviewed the available lending options and engaged in direct negotiations with a suitable lender. We presented the client with multiple tailored financing options, carefully explaining the terms, costs, and benefits of each. Understanding the client’s desire for both affordability and familiarity, we worked diligently to ensure the monthly repayments were aligned with their cash flow needs while still matching the competitor’s rate.
We ultimately secured an agreement under a Hire Purchase(HP) arrangement — a financing structure well-suited for acquiring assets such as solar panels.
Thanks to our responsive and client-focused approach, the construction company was able to secure funding that matched their expectations and offered long-term value. The client closed the deal with Spark and has since successfully implemented their solar panel system — a step forward in both sustainability and cost-efficiency.
This marks yet another example of how Spark supports businesses with flexible finance solutions, helping them grow, innovate, and lead in their respective industries.
Hire Purchase (HP) is a form of asset finance that allows a business to acquire essential equipment or technology without the need to pay the full amount upfront. With HP, the business pays a fixed monthly instalment over an agreed term. At the end of the term, once all payments have been made, the business takes full ownership of the asset.
This option offers
In this case, the HP structure allowed the construction company to spread the cost of their solar panel investment over 5 years, improving their energy efficiency while maintaining strong cash flow.
As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients.
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