Hire Purchase funding for growing service business

While lockdowns and Covid may seem a distant memory, it has taken time for businesses to bounce back.

That was certainly case for our returning  client who  repaired and maintained lifts. With the closure of offices during Covid and people working from home, demand for their services sharply fell.

It’s pleasing to see though that the company has come through the downturn in business and is now seeing a big increase in demand.

With the business bouncing back, the time came for some older vehicles in the fleet to be replaced as well as growing the fleet with some new additions.

We approached a number of funders to set up lines of credit to facilitate the purchases. With a number of vehicles already on the road, more are on order. As our team had worked with the client before, the process was seamless and stress-free.

The key benefit for the client working with OBF is for the knowledge and breadth of funders that OBF have on our extensive panel. This saves the customer having to do all the research themselves.

If you are looking at expanding your vehicle fleet or replacing older vehicles, do get in touch. The team are on hand to have a no obligation chat around your funding needs.

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