Simply supports and assists training and transport services business with a fleet refinance solution

A well-established care, training and transport company were looking to refinance a fleet of 20 vans in order to consolidate its existing finance agreements, extend the terms of the loans, and lower its monthly repayments. Additionally, they were looking to release any available equity in the vans to reinvest back into their growing business. 

Simply, in partnership with Essex Finance Limited, our valued broker partner, were more than happy to offer support with a £520k sale & hire purchase.  

The team quickly worked with Essex Finance Limited to understand the specifics of the customer’s needs and crafted a tailored solution. By refinancing the fleet of vans under the Government Guarantee Scheme (GGS), Simply was able to achieve 100% loan-to-value (LTV) and successfully release over £150,000 of equity. 

The process was smooth and well executed by James Robins, Broker Development Manager, and our broker support team. This refinance solution allowed this company to streamline their fleet financing, reduce their monthly obligations, and unlock valuable capital to fuel further growth and expansion. 

Simply Asset Finance delivered a flexible, creative solution that met the customer’s unique needs and helped them take the next steps on their business journey. 

“

I’m delighted to have played a part in supporting this business, as we were able to provide a tailored solution that fit the customers’ needs. This deal allowed the them to release valuable equity in their fleet of vans and reinvest it to drive further growth.” – James Robins, Broker Development Manager  

Essex Finance Limited are an independent asset finance broker and a valued partner of Simply. 

Click here to read more Simply case studies.