Help & Advice

Before submitting an application for funding here are some useful tips about what the finance companies like to see:

  • Recent management accounts

  • Last 3 months bank statements

  • Steady business growth

  • Management controls are in place

Funders are not afraid of considering applications where a company has a history of:

  • Losses

  • Adverse credit issues

  • Bad debts

However, they do need to understand the reason for the loss.  For example:

  • We lost our major customer and it took us a while to replace them. As you will see from the management information we have replaced the lost customer and are now back to profitability

  • I went through a divorce and ….

  • Our customer let us down badly, but this is what we’ve done to recover the losses and make sure it doesn’t happen again.

Next step...

If you want to find out if Finance Leasing is the right solution to help your business grow, give us a call on 01764 660777 or email us.

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The Directors of EFT Finance (North) share their wealth of experience of the Asset Finance market. Call us today. We're here to help you.

We are creative and where others see stumbling blocks we find solutions. From a tethered balloon to ocean going barges, to a super car or a more standard fleet of vehicles, our breadth of assets financed is varied. You receive the best advice because our knowledge of funders in our market is extensive. This allows us to match your requirements to the best value for money funder.

Treating customers equally and honestly is our priority. If we think you can get a better price elsewhere, we’ll tell you.