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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
When the Director of this business elected to purchase a new electric vehicle (EV) for his business, it was TVAF he turned to when the supplying BMW dealer was unable to get the finance approved.
We had previously dealt with this owner of this relatively new start business before and were also aware of a prior business failure in the background. That failure had also impacted on the Directors personal credit score which probably explained why the supplying car dealer was unable to get suitable business car finance agreed.
As an independent commercial finance brokerage, TVAF works with a large panel of lenders and this offers us the ability to get asset finance approved for most businesses, regardless of their credit status. In this particular case we were able to identity a suitable lender that was happy to understand the background and listen to the story as to what had caused the previous business to fail. The newly incorporated business was profitable, had a strong cash flow, firm order book of contracts and the Directors were also willing to provide a personal guarantee to offer the lender additional comfort.
A business Hire Purchase facility was approved, over a three-year term with the added comfort of a final balloon payment to keep the payments affordable.
We can support businesses with asset, equipment and vehicle finance of all shapes and sizes, from start-ups through to well established companies looking to grow further.
Call the TVAF team today on 01635 785400 to find out more.