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£500,000 funding package enables company to grow and meet customer demand

Finance amount

£500k Fixed Rate HP

DM Bartram is an agricultural contractor for arable farmers and has been running since 2005. DM Bartram works its machinery hard; the business uses the equipment for the equivalent of two and a half years’ work in the space of just one year. The warranty on the equipment is up to 6,000 hours and when the company approaches this, its policy is to replace the machinery in order to ensure the fleet is reliable and its customers are satisfied. DM Bartram’s fleet includes six JCB Fastracs and two JCB Loadalls, which are made to work long hours to keep up with customer demand.

Publish date: 25/04/2017 11:52:21

In order to grow your business and keep it healthy, you have to invest in it. I looked into hiring machines but because of the way we run the business, and the hours we put on the equipment, it’s too expensive.

Dean Bartram, Director

The Challenge...

With increasing demand, last year the company doubled its workload and therefore its workforce from three to eight people. It needed to buy equipment quickly to meet the new demand.

It’s great to know that JCB Finance can be flexible and it keeps our cash flow steady.

DM Bartram

Dean Bartram, Director

DM Bartram is an agricultural contractor for arable farmers and has been running since 2005.

We offered the following package

HP PLUS

  • Interest rate agreed and fixed at time of documentation
  • Fixed repayments of capital and interest
  • Allows for unplanned payment holidays
  • No additional cost for early settlements
The Solution...

Having worked with JCB Finance since inception of the business, DM Bartram has a £500,000 HP Plus facility. This funding line enabled the business to buy equipment quickly and efficiently to keep up with demand.