How to access a panel of flexible lenders for business car and van finance.
No two companies are exactly the same and you'll sometimes need a more flexible approach to the underwriting process from a lender who'll take their time to consider the merits of each individual company application and the vehicle you're looking to purchase.
Some companies may fail the high street bank's strict lending criteria due to the age of the business or for having a low or negative net worth in their last filed accounts. There are many reasons behind a companies current financial position, so a considered approach evidencing affordability (usually with bank statements) helps the business underwriters make their decision.
From a simple online application via our website, one of our team will call you back to discuss the vehicle you're looking to purchase and any further information that's likely to be required by a suitable underwriter from within our panel of business lenders. Any background info will be collated into a summary information sheet for the underwriters to quickly understand your particular circumstances and consider the vehicle you're looking to purchase, including any deposit available. From a simple discussion our team will be able to present this information in a suitable manner which will hopefully lead to an approval from one of the underwriters on our panel. Finance is subject to status.
In some circumstances, where there's little strength in the limited company, a directors guarantee would be required. If there are multiple companies in the group, a directors guarantee can be replaced by a cross company (or corporate) guarantee to strengthen the application and enable an acceptance to be offered.
Our process is simple and straightforward. If you haven't found the specific vehicle yet we can also look to obtain an acceptance in principle for the type of vehicle you require and then, once approved, you can start your search confident in the knowledge you have an acceptance ready and waiting.
Some companies may fail the high street bank's strict lending criteria due to the age of the business or for having a low or negative net worth in their last filed accounts. There are many reasons behind a companies current financial position, so a considered approach evidencing affordability (usually with bank statements) helps the business underwriters make their decision.
From a simple online application via our website, one of our team will call you back to discuss the vehicle you're looking to purchase and any further information that's likely to be required by a suitable underwriter from within our panel of business lenders. Any background info will be collated into a summary information sheet for the underwriters to quickly understand your particular circumstances and consider the vehicle you're looking to purchase, including any deposit available. From a simple discussion our team will be able to present this information in a suitable manner which will hopefully lead to an approval from one of the underwriters on our panel. Finance is subject to status.
In some circumstances, where there's little strength in the limited company, a directors guarantee would be required. If there are multiple companies in the group, a directors guarantee can be replaced by a cross company (or corporate) guarantee to strengthen the application and enable an acceptance to be offered.
Our process is simple and straightforward. If you haven't found the specific vehicle yet we can also look to obtain an acceptance in principle for the type of vehicle you require and then, once approved, you can start your search confident in the knowledge you have an acceptance ready and waiting.
You can access our online application form here, or click the blue "Apply" button at the top of the page. You can also apply via the online calculator. We won't charge a fee for our service either!
We are a trusted credit broker with a panel of competitive banks and lenders - click here to see recent Trustpilot and Google reviews from past customers.
We are a trusted credit broker with a panel of competitive banks and lenders - click here to see recent Trustpilot and Google reviews from past customers.
What's the catch? There isn't one, this is how it should be. Our aim is to build long and lasting relationships with our business customers, it's as simple as that.