Case Study
Hire Purchase - J W Thompson International
Hire Purchase - J W Thompson International Securing funding for a local start-up business Earlier this year, William Thomson made the decision to set up his own timber haulage business after serving his apprenticeship and learning the ropes from within the industry. His experience involved driving forestry machinery for a number of years and immersing himself in the industry before deciding the time was right to enter the commercial haulage sector in a new role – as a business owner. William’s initial requirement was to obtain finance in order to purchase a Topline truck and a timber trailer, valued circa £60k. With a lack of borrowing history, this presented a challenge making sourcing finance to meet the business plan, a stumbling block with the majority of lenders in the market.A differ