Radar helps secure £1.3m investment

Radar Finance and Leasing has helped a Derby steel company invest £1.3 million in new machinery.

The finance broker, based in Brailsford, assisted long-standing client Eggleston Steel in acquiring the new Trumpf TruLaser Tube 7000 Fiber Machine.

The machine is the first of its kind to be installed in the UK by Trumpf.

Radar Finance and Leasing helps businesses and individuals acquire and hire assets using a variety of funding and vehicle sourcing options.

It also has direct access to funders who will provide unsecured business loans to be used for any business purpose.

In a statement, the firm said: “Radar Finance and Leasing was delighted to assist Eggleston Steel in this huge investment, which will enable the business to keep growing and offer cutting capabilities like nothing else.

“With Radar’s great relationship with Eggleston Steel and its managing director Richard Hewitt, we managed to secure the funding and complete the £1.3 million transaction.”