Ross Hyde
Categories:
Fast turnaround, low amount
Spec
| Industry area | Loan amount | Turnaround |
| Any | Various | Less than 24 hours |
Situation
Many clients come to me asking for a loan to purchase a vehicle for their business. This is often construction companies, needing a solid workhorse van to take them between sites. It can also be small food-producers needing a van for local deliveries. Or florists, or garden designers, or lampshade makers – you get the picture…
Strategy
They often have a vehicle in mind, and may even have test-driven one already. I discuss with them how much they need to borrow, and how much they can give as a down payment. We also have a conversation about what a realistic monthly repayment looks like, to ensure that their finances are going to be stable, going forwards.
The loans market has become very technologically advanced over the last few years, and lenders are now able to verify a business’s financial status without requiring a long list of financial information. This makes it possible to get approval for a loan within a few hours, without any faff and delay.
Solution
I regularly arrange loans for small business within the span of a working day, or next-working-day, and they are able to sign the paperwork for their new van almost immediately.
If you need a new vehicle for your business, sooner rather than later, then give me a shout. You’ll be surprised how fast I can secure the finance for you.
