Alchemy Business Finance Ltd

Verulam Point
Station Way
St.Albans, Herts
AL1 5HE
United Kingdom

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Case Study: £17,000 for expanding haulier business

Location: Nr-Glasgow, Scotland

General Background

This single van delivery company was looking to get into heavier haulage and had been offered a contract at Amazon if they could get the right truck. No first year accounts had been produced so the banks weren’t willing to lend based on this limited trading history. The right truck had been found and the client needed to raise the funds quickly to secure it.

Finance Background

  • Private limited company
  • Property owner
  • First year trading accounts not yet produced
  • Steady cashflow from van delivery business
  • Bank not able to help because no trading accounts

Alchemy Funding Approach

  • Type: Sale & Leaseback
  • Term: 60 months
  • Client paid £5000 deposit for truck direct to vendor
  • Funding security to value: 50%

Security

  • Truck
  • Van

Rate

  • 6.9% net
I have worked with Alchemy on a few occasions, they understand your needs and are really easy to work with. You don’t have to jump through a ton of hoops when applying for a finance agreement with them which makes life much easier. - D. Graves, Cumbria