Here at V4B Business Finance, we take pride in supporting businesses of all shapes and sizes, and one of those cases was for a transport company that was looking for logistic finance options.
As a result, one of our favourite success stories comes from working with a growing logistics company based in the Midlands.
They came to us needing help to purchase new delivery vehicles so they could keep up to meet the rising demand they were seeing – but without emptying their bank account in the process to do so.
The Problem
This transport business had just secured a big contract that would increase their delivery volume by nearly 40%.
Which was great news for them, but it also meant they needed three new refrigerated vans straight away, with a total cost of just over £150,000.
As you can imagine, they did not want to dip into their reserves, especially with staff costs, fuel, and other running expenses to think about.
The Solution - Asset Finance
Consequently, we arranged an asset finance agreement for them – which is a type of loan where the vehicles themselves act as the security.
This then meant they did not need to provide extra collateral or put their cash flow under pressure to be able to acquire them.
Instead, they simply provided us with some basic paperwork – their latest accounts, a copy of the vehicle quotes, and a few months’ bank statements.
Our business finance team then got to work, and the funding was approved – with everything being sorted in just a few days.
Why Did Asset Finance Help Them?
This financing option allowed the business in question to:
- ✅ Spread the cost of the vans over 5 years with fixed monthly payments
- ✅ Retain their capital to use elsewhere in the business
- ✅ Upgrade their fleet quickly and efficiently
- ✅ Still, benefit from ownership options at the end of the term
Then, because the loan was structured through asset finance, they also qualified for tax benefits on the repayments and interest as well – making it even more cost-effective.
Results
Within a week of getting the finance, the logistics company had their new vans out on the road and started fulfilling their new contract – it was as quick as that.
Then, thanks to their flexible payment plan, they never had to pause or slow down their operations; in fact, their new contract helped them grow their revenue by £500,000 over the next 12 months.
Why Did Asset Finance Help Them?
Asset finance is a brilliant option for businesses that need new equipment, vehicles or machinery but want to keep their cash in the business.
So, whether you’re in logistics, manufacturing, construction farming or more – this type of business loan we can really help you grow without the stress of a big upfront payment.
Consequently, with asset finance from V4B Business Finance, you can:
✅ Access equipment fast
✅ Pay monthly at a rate that suits you
✅ Keep your working capital intact
✅ Enjoy tax relief on interest
✅ Get expert help from our friendly team
So, what could your business achieve if you could unlock the tools you need – today?
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Find out if Asset Finance is right for you
With a broker asset finance service like ours, you do not need to do the legwork. We instead compare the market and get deals that suit your business for you.
At Business Finance, for instance, we really do make asset finance simple and stress-free. No more worrying about finding the right ideal — we do all the hard work for you.
Our team is here to help you secure the best finance option that suits your business needs.
Want to know how much you could borrow and what your monthly repayments might be?
No problem. Get in touch with our friendly team today, and we will be happy to help you.
Meet the Team Behind Business Finance
Trusted Asset Finance Lenders at Your Fingertips
We work closely with some of the UK’s top asset finance lenders, making sure you’ve got the right options for your budget and goals.
Some of our finance lenders include, for instance:
