Asset Finance, Term Loan And RCF For Motor Industry

We sourced our client asset finance and secured a Revolving Credit Facility to enable business growth.

As demand for our clients’ services grew, we secured an additional term loan and increased the revolving credit facility to further enable growth.

About

Our Associate, Chris at Swinford Consultant’s, introduced us to Scott, an entrepreneur and owner of Scott Wilson Body Shop, for assistance with business finance.

Scott required an injection of funds to help him progress his business. Our team of business finance experts conducted a summary review of the business and were able to best present the case to our extensive lending panel.

We sourced our client asset finance to facilitate the purchase of a new vehicle. Simultaneously we secured a revolving credit facility to smooth the way for predicted future growth. This gave Scott the flexibility he needed to further grow his business.

Results

Within six months turnover had increased by 152% and profits had significantly grown. The demand for services continued to rise which necessitated a relocation to larger premises.

To keep up with the continued increase in demand our client required further investment. Scott and Chris returned to Pilot Fish at this point knowing we could provide a fast and efficient turn around.

We were able to secure an additional £50,000 term loan to support key asset purchases and relocation expenses. We also doubled the revolving credit facility. This gave our client the flexibility and freedom required to continue to grow his business.

What our lenders say about working with us…. 

Testimonials

Natalie Smith, Close Brothers
It’s always a pleasure to work with Pilot Fish. It’s great to see that we have been able to support Scott with an appropriate finance solution, which has in turn enabled growth for his business.