How a Small Business Got an Unsecured Truck Loan Fast

Product: Unsecured loan

Purpose: Repair and register a removal truck

Amount: $20,000

The owner of a removalist company needed a financial boost to pay the registration and complete some maintenance work on a truck. The owner had plenty of jobs coming in from his customers, but he was having to turn them away because he only had one truck available.

He initially sought finance from the major lenders, but due to his limited trading time and lack of security, these efforts were unsuccessful. He had only been trading for twelve months but had a good credit history and was up-to-date with his tax obligations.

When the business owner was referred to Valiant, we took the opportunity to explore the market and show him the financial products that were available to him.

Our Product Specialist, Jacob, took the time to learn about the business, how income was generated and how payments were being made. This information allowed Jacob to recommend a short-term loan structure, which the business owner agreed would suit his requirements.

The loan application was made and the funding complete within three days, which was a great outcome for the business owner.