A well known Lancashire haulier has refinanced 4 HGV’s with KeyFleet this January.
The business required £200,000 cash injection in order to develop some existing property on the site.
Rather than obtain a traditional commercial mortgage the business preferred to use the security available in the equity of the HGV fleet.
Marc McLoughlin ogf KeyFleet added “Using existing assets to raise capital for other business use is a great way to release funding for a business.”
If you want to talk to us about business funding or asset finance please get in touch on 01772 737383.