Keep it moving!
We were delighted to have assisted Andrew at TPC Transport with his latest acquisition. When time is of the essence, our team moves fast to ensure your business doesn't miss a beat.
The Timeline:
• Dec 15: Initial enquiry received.
• Dec 22: Deal completed and keys in hand.
By structuring this with a VAT + 10% deposit, we were able to provide a solution that met the client's specific requirements while maintaining an industry-leading turnaround time.
The REASN Solution: Speed and Sector Expertise
TPC approached REASN for agile finance. With a panel of lenders available, it wasn’t just about the balance sheet; we looked at the asset and the opportunity.
Our senior-led team conducted a rapid appraisal of the transporter's value and recognized its strong resale potential and the immediate revenue it would generate for TPC. We structured a Hire Purchase (HP) facility tailored to their seasonal cash flow, providing:
Rapid Credit Approval: A decision was reached within 24 hours, allowing TPC to commit to the purchase immediately.
Flexible Terms: A repayment structure that balanced the high initial earning potential of the vehicle with the firm's long-term growth plans.
Seamless Execution: Direct communication between REASN and the vehicle dealership to ensure the funds were cleared and the lorry was on the road within the week.
The Result: Revenue in Motion
By bypassing the bureaucracy of traditional lending, TPC Transport was able to:
Secure the Asset: They beat out competing buyers for a rare, high-spec vehicle.
Launch the Contract: The transporter was operational in time to meet the demands of their nationwide transportation requirements.
Preserve Capital: By choosing a Hire Purchase agreement, they kept their cash reserves intact for operational overheads like fuel and driver recruitment.
Important Information: Credit rate subject to status, terms, and conditions apply. We don't charge a fee for our services, but we do take a commission (as a fixed fee or % of the amount you borrow).
