Time in Business: Established Business 10 Years
Clients are after a 5-year loan term with minimal upfront outlay.
Business has had a recent change of directorship
Judgement on credit file to a material supplier
Vehicle is being purchased for new staff member.
We were able to prove business continuity to alleviate any concerns around the change of directorship.
Current loan statements were provided to show excellent repayment history on all current equipment loans. Given the judgement was not loan related we were able to prove there was limited risk to the lender.
Vehicle was approved with one of the mainstream lenders at a low interest rate with a small 10% deposit. We ended up with a happy client who was able to get their new employer up and running