Renewing fleet whilst protecting cashflow with Asset Finance
22-05-2023Renewing fleet whilst protecting cashflow with Asset Finance
Discover how we facilitated the acquisition of new vehicles by providing a tailored Asset Finance solution for this independent drinks dispense system provider.
TRANSCRIPT:
This business in an independent drinks dispense system provider and a market leader in technology.
With 17 depots across the country, the business relies on highly performing vehicles to service its clients base.
Looking to renew their fleet, they reached out to brokerage Premier Asset Finance to help them find a new funding partner.
Senior Regional Director Stephen Brook explains, “Our facility ensured that the business didn’t need to part with a large proportion of their working capital by advancing the funds and providing a simple repayment plan across three years”.
The facility also allowed for a deferral of VAT repayment to offer the business additional breathing space to strengthen its day-to-day cashflow as they keep moving towards their growth ambitions.
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