CROP Corporate Finance - NEG-ITSolutions & iUsed

Description

Since 1993, NEG-ITSolutions has been supplying and supporting hardware and software from A-brands Apple, HP, Dell, Lenovo and Microsoft. NEG focuses on the complete life cycle of IT equipment and offers cost-effective IT solutions and IT services for the delivery, installation, disposal and processing of IT equipment.

iUsed is also one of the largest organizations in the Netherlands and Belgium that supplies refurbished computers of well-known A-brands through its various web shops.

Together the companies are part of the NEG Group.

Credit needs
NEG-ITSolutions and iUsed were experiencing an increase in demand for their services, which caused them to grow out of their current premises. Both the increase in inventory position and the housing needed created a credit need. The new premises were substantially larger and required extensive remodeling. The company was able to choose from several offers for financing well ahead of the agreed upon deadline. This resulted in a suitable financing solution.

CROP corporate finance has guided NEG-ITSolutions and iUsed in the financing of a new business premises, which was successfully completed in March 2020.