New Start Van Funded

The Problem

A business in their first year of trading approached to seek funding for their new van critical to the new venture. With limited trading history to go off, the challenge to fund the vehicle was set.

The Solution

Funding was secured over 5 years with a proactive funder who understood the business plan and trading to date, to structure a transaction to enable the purchase. A VAT deferral helped to align the VAT payment with the company’s VAT quarter which was a significant support to the cashflow in the early days of a very promising venture.