Get in touch
TVAF
7 West Mills Yard, Newbury,
Berkshire, RG14 5LP
This new start business was introduced to us by one of our long standing clients.
Operating in the waste & recycling sector the directors were looking to purchase 45 skips of varying sizes to allow them to start trading.
As a pre revenue business with no filed accounts, it was important for us to understand not just the business but also the people behind it.
In situations like this, a lender will look to take a personal guarantee which will involve looking at the homeownership position of the directors and the equity within their properties. Due to the director’s having limited equity in their homes, one of the minority shareholders stepped forward to offer their guarantee.
A finance lease was arranged, with VAT being spread across the term, helping the cashflow of the business.
We are now looking at funding a vehicle for the client, so hopefully it’s the start of a long standing relationship.
If you operate in the waste & recycling sector do contact us for a no obligation discussion about your funding needs. ☎ 01635 485 400 or 📩 enquiries@tvaf.co.uk