One of the most rewarding aspects of being a finance broker is supporting existing clients as they identify new opportunities and grow their businesses in different directions.
We were recently approached by an established housebuilder whom we have worked with for a number of years. Several years ago, he recognised a growing demand for professional pest control services, not only within his own developments but also across the wider construction and property sectors.
Construction sites can often create ideal conditions for pest activity. Groundworks, demolition, waste materials and changes to the local environment can disturb existing rodent populations, causing rats and mice to seek new shelter and food sources. Newly developed sites can also experience issues with insects, birds and other pests as surrounding habitats are disrupted during the building process.
Recognising this need, our client established a dedicated pest control business alongside his successful housebuilding operation. The business quickly gained traction, providing services to contractors, developers, commercial property owners and residential customers across the local area.
As demand continued to increase, an additional vehicle was required to support the growing workload.
Because we already had a strong understanding of the client’s primary business and track record, we were able to move quickly. An added advantage was that both businesses were purchasing vehicles from the same supplier at the same time, allowing us to negotiate particularly competitive funding terms.
The finance was structured over 48 months with only the VAT payable as an initial deposit, helping preserve valuable working capital within the business.
To keep the process efficient, all documentation was completed electronically, enabling the transaction to be approved and completed in a very short timeframe.
This case demonstrates how existing business owners can successfully diversify into complementary sectors when they have the experience, industry knowledge and customer base to support growth.
Need Funding for Vehicles or Business Expansion?
Whether you’re purchasing a single van, upgrading your fleet, acquiring specialist equipment or expanding into a new area of business, we can help source competitive funding solutions tailored to your circumstances.
We work with a wide range of lenders and understand that every business has its own story. By taking the time to understand your objectives, we can identify funding options that support your growth while protecting cashflow.
If you’re considering a vehicle purchase, equipment investment or business expansion project, contact us today to discuss your funding requirements and discover how we can help.
