When our prospect had a non-fault bump with Covid

The Challenge

As a result of Covid, car auction sites had temporarily closed for business, which meant that a customer’s biggest source of stock and income dried up instantly. That delivered an immediate and significant blow to the business and it’s employees.

The company needed an immediate cash boost to get through the next few months, so that they could focus on new areas of supply without worrying about the bank balance.

The Solution

Having met the customer, I could happily report that the customer had a wealth of experience and had been profitable before Covid. He was a homeowner and was willing to offer additional security to support a deal.