A boom in the construction industry created unprecedented demand for the Target Group which specialises in digger, dumper and access platform hire across Colchester and Ipswich, London and Kent.
To fund new dumpers, tippers and excavators, Target Group turned to the Metro Bank at Colchester to help finance the equipment their customers urgently needed. Each of Metro Bank’s 77 stores has a local director who specialises in supporting their local businesses and SME communities.
“We were able to pull the asset financing together for Target in just a matter of weeks,” explains Colchester Metro Bank’s local director Chris Morgan. “Target was pleased with the speed at which we could act, as this meant they could start fulfilling customer demand.”
“We first started talking with Chris at Metro Bank in late March with a view to financing equipment to cope with the unprecedented demand we were experiencing from our construction industry customers,” said Chris Braby, managing director, Target Group. “He immediately brought in their asset finance division which put together a very competitive quote which enabled us to go ahead with our purchases. The whole system was very efficient and the attention shown to us as customers was very impressive. We look forward to building a long term relationship with Metro.”