An existing Enness client returned to the firm seeking additional finance to support the expansion of their car rental business. Having previously secured funding to expand the company’s premises, the client now had increased capacity and wanted to invest in additional vehicles to meet growing customer demand.
The business had reached a point where limited vehicle availability was restricting further growth. Additional stock would allow the company to accept more bookings and increase its capacity, but securing further borrowing shortly after taking on existing finance presented a challenge.
OUR SOLUTION
Enness reviewed the client’s circumstances and identified a specialist asset finance lender able to consider the application despite the recent borrowing. The client’s established trading history and projected growth provided important context when presenting the funding requirement.
A further facility of approximately £300,000 was arranged to fund the acquisition of additional vehicles. The structure provided the business with the capital required to expand its fleet while supporting its continued growth.
The additional funding allowed the client to increase vehicle availability and pursue further demand without being constrained by limited stock. It also demonstrated the value of considering alternative commercial finance solutions where a business has recently taken on other borrowing.
This case highlights how asset finance can support established businesses looking to invest in equipment or vehicles as they expand. A tailored approach can help businesses access additional capital while taking account of their existing financial commitments and future growth plans.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, affordability, asset suitability and lender criteria. Terms, rates, LTVs and availability may vary depending on individual circumstances.
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Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
