We were introduced to this long established private hire firm by their bank manager, who had introduced clients to us previously.

Having a number of their vehicles on finance, they wanted to see if it would be possible to refinance them all onto one agreement. A couple of the vehicles also had balloon payments due in the next few months.

This sounds like a simple asset refinance exercise, but having obtained further details on the cars it became clear that this wouldn’t be possible due to the values, ages and mileage.

So what other option was there?

We were able to arrange an unsecured loan ( subject only to a director’s guarantee ) for £125k repayable over 5 years.

This not only allowed the client to settle all their current finance agreements, but also gave them an additional £25k to help with ongoing cashflow.

What started off as an asset refinance enquiry ended up as a loan. Having access to numerous types of funding means we can look at different solutions when needed.

Do get in touch for a no obligation chat around refinance options. 01635 785400