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Colin gets a new truck for his business

About Colin

Find out how we helped Colin secure a new truck for his growing business


Colin’s a small business owner in the transport industry, and business seems to be going well. In fact, Colin is looking for opportunities to expand and grow. To do so, he figures that he needs to invest in a new truck for his fleet.

After some searching, he finds the ideal truck for his needs through a private seller. It’s in good condition and the right match for what Colin has in mind. The only thing left to do is to find the right loan to finance the purchase. Then he can put it to work and start making money!

But the banks had a different idea. Because Colin’s business is set up as a trust and that the seller is private, banks were reluctant to offer loans. As a result, Colin was finding it difficult to find the right truck finance that was suited to his growing business. Luckily, he found Rapid Finance.

Age

Fifty

Employment

Self-employed

Income

Growing

How we helped

We wanted to help Colin grow his business, so here’s what we did:

  • Step 1

    We reviewed documentation to establish that Colin was the sole benefactor of the trust.

  • Step 2

    We showed that the truck was in good condition and provided estimates of how this asset would increase income.

  • Step 3

    We then proved to the lender that the business was in a strong financial position using his tax documentation.

The outcome

Colin got his new truck!

Colin was able to purchase his truck and grow his business. Now he is looking at expanding even more!

With our help, Colin was able to grow his business. How could we help you?
Apply for finance now

Other People That Rapid Has Helped

Please Note:
These case studies are based on actual outcomes we have achieved for real people. Their names and photographs have been changed.