IBAF approves Credit Application in 24 hours

InterBay Asset Finance (IBAF) recently approved a credit application for a new customer within 24 hours. The customer, a well-established hirer of access platforms, needed to invest in additional stock to meet the growing customer demand. After careful evaluation, IBAF approved their credit application within just 24 hours, allowing them to secure the assets promptly.

The customer faced a challenge of replacing older stock and meeting the growing customer demand. To address their needs, IBAF approved 10x New Zoomlion scissor lifts, 1x New Sinoboom Electric scissor lift, and 4x Dingli aerial work platforms. Additionally, IBAF provided a 3-month VAT deferral to accommodate their cashflow requirements.

“We are delighted to have been able to provide our new customer with the necessary funds to purchase the additional stock they needed to meet the increasing demand,” said IBAF’s Managing Director, Paul Fazakerley. “Our team worked quickly and efficiently to approve the credit application within 24 hours, allowing the customer to secure the assets promptly.”

IBAF is committed to providing brokers with the best possible service and experience. The team works hard to ensure that customers receive the funds they need in a timely manner. IBAF understands that customers need to be able to purchase the necessary assets quickly and efficiently, and the team is dedicated to making that happen.

Customer challenge:

• Customer was looking to replace older stock and invest in additional stock due to customer demand.

How we helped:

• IBAF approved 10x New Zoomlion scissor lifts, 1x New Sinoboom Electric scissor lift and 4x Dingli arial work platforms with a 3 month VAT Deferral to meet customer’s cashflow requirements.

Background:

• £124,222 advance for a new customer to IBAF, long established hirer of access platforms business looking to purchase additional stock due to demand. Credit approved within 24 hours of receipt, enabling customer to secure the assets.