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TVAF 7 West Mills Yard, Newbury, Berkshire, RG14 5LP
Despite an unseasonably warm Autumn 2020, our ice cream vendor client wanted to upgrade his fleet of ice cream vans to benefit from the fall in demand for vehicles as the winter season approaches. As an established operator over 35 in business, the loan through their usual ‘bank owned’ finance company should have been straight-forward. However, numerous calls for a finance quote went unanswered and our client was concerned about missing out on the attractive price for a used ice cream van and knew he needed to act fast.
Providing finance for a highly profitable business, such as this family run ice cream vendor is very straight forward for the team at TVAF. The purchase price of the ice cream van was £60,000 +VAT and the client was offering a sizeable deposit of £25,000 alongside VAT. The fact he was looking to finance just £35k over five years made this an excellent credit risk.
We were able to secure funding within 48 hours of him supplying his financial accounts and supporting documents to us. As a business local to us, we met the director face to face at his home address to discuss the agreement and sign the necessary paperwork.
To summarise (and to throw in a few ice-cream related puns) – although this was a fairly standard (Vanilla flavoured) transaction for £60,000 (not hundreds and thousands), the customer really valued the extra sprinkles on top by way of customer service and going the extra mile (slowly and with a nice tune in the background).