A haulage business came to us needing new heavy good vehicles (HGV) to expand their business.
The firm had ordered the vehicles for delivery pre-lockdown but with all the lockdown restrictions being put in place in the UK, they were unable to get them delivered.
The supplier of the HGVs didn’t let the business cancel the order, so they had to find a new finance option that would suit their needs.
Using our panel of funders, we arranged a £140,000 facility with a 12-month capital and interest repayment holiday, which gave the business some breathing room.
The vehicles have now been delivered and are being used for event work now that the restrictions have been lifted.