The thrilling expansion of Eventive Funtime
Eventive Funtime, a renowned fairground and events business, successfully secured a refinance deal to expand the company.
Customer background
With a legacy spanning 28 years, Eventive Funtime has been directed by Garry Morgan Evans Snr, earning an excellent reputation within the fairground industry. The company operates several classic fairground rides across the country and has fixed locations, including an arcade in Matlock.
Refinancing for the future
Eventive Funtime wanted to refinance their newly refurbished Miami fairground ride to expand their business, and - having previously worked with Close Brothers Asset Finance – contacted us for a tailored refinance agreement to support their growth plans.
Solution
Julie Fisher, Regional Manager, Close Brothers Asset Finance, crafted a bespoke refinance deal for our customer, releasing the capital they needed to progress their business.
Results
The deal was a significant step for Eventive Funtime because it helped their sister company to facilitate the purchase of the caravan park situated behind the company’s amusement arcade, significantly enhancing the business portfolio and customer experience.
Julie Fisher, Regional Manager, said: “This move is a testament to how refinancing assets can effectively fuel the expansion of a business. Using the residual value in assets – like Eventime Funtime did – is an ideal way to fund growth.”
“We’re thrilled with the refinancing solution that has enabled us to expand our businesses further. It’s a step forward in solidifying our presence in the industry and the community.” - Garry Morgan Evans Snr, Director, Eventive Funtime.
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