Renovation of an existing trailer fleet
An established haulage company wished to carry out a significant refurbishment of some of its trailer fleet to enable them to be used for a contract for which they required a specific type of trailer.
These trailers had originally been funded by United Trust Bank and so, after assessing the additional value the refurbishment would add to the trailers, we arranged to advance the required funds to enable our customer to both settle our existing agreement and have the extensive upgrading of the trailers carried out.
The refurbishment was carried out in good time and the trailers were back out on the road with minimum delay. The total amount borrowed was £75,000.