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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
A great example of how TVAF can provide competitive asset finance deals for a start-up who have previously been denied asset finance. We were introduced to this mobile tyre fitting company via the client’s accountant, who was based in Kent. Having started trading only three months earlier, he was in the enviable position of needing to secure £12,000 of commercial vehicle funding for a second vehicle for a new member of staff. Our client had found a Nissan Navara Acenta at an independent 4×4 dealer and needed competitive asset finance to manage his cashflow.
As a specialist, independent asset finance broker, we were able to demonstrate that our client had a secure client base (inherited from his previous employers who had exited the market) and a robust business which allowed him to expand his business shortly after he began trading. Having been refused asset finance previously because of the limited time he had been in business, a call to TVAF meant we were able to go straight to a specialist lender who we knew would be able to secure finance for our client immediately. As our client had funded the start- up through his own funds, it gave the lender the assurance that he had a good credit history and would be able to make his monthly repayments.