This haulage company approached Moorgate Finance looking for a practical funding solution that would allow them to invest in their fleet, strengthen their brand, and avoid the significant cost of replacing a vehicle.
The Highlights
✅ £40,000 unsecured loan secured over 24 months for a sole trader haulage operator
✅ Previous finance declines successfully overcome
✅ £10,000 additional funding unlocked beyond the original request
✅ Enabled repairs, servicing, and rebranding without purchasing a new vehicle
✅ Helped extend fleet lifespan, saving money and supporting long-term business growth
The Challenge
This haulage business required loan funding to repair and rebrand a lorry, with a specific need for a new floor mechanism on a 2018 trailer. As a sole trader operating from a rented premises, the customer had found it difficult to secure finance and had previously been declined by other lenders. Without access to funding, the business was facing the likelihood of having to replace the vehicle within the next couple of years, an outcome that would place unnecessary pressure on cash flow and restrict the ability to invest elsewhere in the business.
The Solution
Moorgate Finance took the time to fully understand the customer’s circumstances, the condition of the vehicle and the wider goals of the business. By focussing on affordability and the long-term value of the investment, we were able to secure a £40,000 unsecured loan over a 24-month term. This exceeded the customers original £30,000 requirement and provided additional flexibility. The funding covered the essential trailer repairs while also allowing the customer to service and rebrand the rest of the fleet, improving reliability, presentation and operational efficiency.
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.