Broker customer secures finance to support expansion
- Sector: Transportation
- Asset: Scania Highline with Beavertail
- Solution: Hire Purchase with structured profile to align with cashflow
- Facility: £160,000
Opportunity
Our Broker’s customer is a transport company that started trading in 2021, and they wanted to expand to a second vehicle.
Solution
Our Broker Development Manager and Underwriting team worked in collaboration with the Broker to understand future work and determine affordability for the customer. We created a tailored finance solution which included a Hire Purchase agreement with a VAT deferral to support cash flow. The agreement was structured in line with business cash flow, resulting in a reduced deposit followed by increased rentals.
Outcome
We co-ordinated the paperwork to meet the customer’s tight time frame, ensuring the business could meet service demand with their newly secured asset.
To find out how we can work in partnership with you to support your customers, please get in touch today.
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