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Helping this Courier Franchise finance new Commercial Vehicles

CommercialVehicle Finance

In 2016 Shaun Swift spotted the opportunity for a courier and delivery business in his local area. Shaun researched the market and bought into the Courier Post franchise, providing the business with an established brand, marketing and operational support. The business was launched in late-2016 and began servicing the local market with a mixture of older owned and rental vehicles.

The Courier Post network is an established, experienced same day courier company, providing a comprehensive, dedicated service which meets customers’ needs effectively.

Having established contracts with international blue chip and local customers Shaun recognised the need to upgrade some of the aging vehicle fleet to ensure a reliable and effective service to clients. Shaun also recognised that he could reduce his monthly costs by replacing some of the rental vehicles with vans funded via asset finance. Having approached his cash flow finance provider, Shaun was put in contact with John Mellor of Working Capital Solutions who suggested Genesis Asset Finance as a potential funding partner.

We were asked to put a credit line in place for the business, to enable Shaun to quickly take advantage of appropriate vehicles as they came to market. We reviewed the business model and first few months trading performance and provided an initial credit line to enable the business to grow.

Apply for Financing today

    Please upload the following information (PDF or XLSX format, Max 5Mb):

    1. 6 months business bank statements
    2. Last full (not abbreviated) accounts
    3. Completed Data Protection Form(s)
    4. Completed Asset Details Spreadsheet

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    Whether your business needs financial support to grow, invest in equipment or raise cash, get in touch to see how we could help.