£85,000 Vehicle Finance Facility for Growing UK Business
A growing UK business required additional commercial vehicles to support increasing customer demand and expand its operational capacity.
Purchasing the vehicles outright would have required a significant capital commitment, reducing the cash available to support the company’s wider day-to-day operations.
The Requirement
The business had reached a point where its existing fleet was limiting its ability to take on additional work.
Several new commercial vehicles were required, with a total funding requirement of approximately £85,000.
While the company had sufficient cash to contribute towards the purchase, the directors wanted to avoid using a substantial proportion of their available working capital to acquire depreciating assets outright.
The Challenge
The funding needed to provide the business with access to the vehicles while keeping the repayment profile manageable alongside its existing operating costs.
Preserving liquidity was particularly important as the company was continuing to grow and required capital for recruitment, fuel, materials and other expenditure associated with taking on additional work.
Rather than considering the vehicle purchase in isolation, the wider cash position of the business needed to be taken into account.
The Solution
After reviewing the requirement, vehicle finance provided a more appropriate structure than using the company’s existing cash reserves.
Revia worked with the business to understand the vehicles being acquired, the funding required and the company’s financial position before approaching appropriate lenders from our network.
A facility was identified that allowed the company to spread the cost of its vehicle purchases over an agreed term while retaining more cash within the business.
The Result
An £85,000 vehicle finance facility was arranged, enabling the business to acquire the additional vehicles required to increase its operational capacity.
Rather than committing a significant amount of cash to the purchase upfront, the company could spread the cost while preserving working capital for its wider growth plans.
With the additional vehicles in place, the business was better positioned to service increasing demand and take on additional work.
Vehicle Finance Through Revia
Commercial vehicles can represent a significant capital investment, particularly for businesses expanding or replacing an existing fleet.
Revia helps bridge the gap between businesses requiring vehicles and lenders providing commercial asset and vehicle finance.
By understanding the assets being purchased alongside the wider financial position of the company, we can identify and structure appropriate funding options from across our lender network.
