Four x 14 year old double decker buses!
Posted on 26th February 2024 at 11:15
Sector: Transport
Enquiry: It was great when a long-standing customer asked if we could finance their new fleet of double decker buses which they use for their dedicated school runs.
The challenge was finding a funder to finance …
• 14 year old vehicles
• 60 months
• 2021 accounts that showed the business was still recovering from the effects of Covid with a weak balance sheet
Solution: But we love a challenge! We sourced an established funder who was able to take a positive view when presented with supporting management information, a healthy customer deposit account and the customer providing a detailed forecast.
Plus, this was followed with some good customer feedback, “I have been working with Paul at Acorn Commercial Finance for many years. They have helped us with numerous finance solutions, most recently for a multi vehicle purchase. Always a fast and efficient service to find us the best deals at great rates.”
Product: Hire Purchase £198,000
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