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Extra Credit Lines for Major Hirer

Updated: 14th February 2007 (AM)

Amount: £2,000,000

Our client is a major hirer of commercial vehicles. They are an intensive user of asset finance with typically £12million of vehicles being financed each year.

They have many existing credit lines, but contacted us when their current funders could not increase their advances in line with our client's planned growth.

By researching the marketplace, we found three additional funders and secured an additional £2million of credit lines for our client.