- Client: Long Established Logistics Business
- Asset: Worth £200,000 +
- Loan Amount: Circa £200,000
In this case, Enness was approached by a logistics business based in the UK. The client has been operating their business since the 1970s.
The client had funding in place from a high street bank, but they were not able to provide them with more funding due to their change in appetite. The client was looking for cost-effective finance at a high leverage.
The main challenges were time frames. The client needed funding within seven days as they had already purchased two high-value assets with cash.
Moving quickly, Enness managed to secure terms from a challenger bank that provided a ‘VAT only’ deposit product. Meaning they would fund 100% of the high-value assets, and the client would only need to pay the VAT. Enness successfully secured terms for the client at a flat rate of 3.88% for approximately three years.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
