Guaranteed Van Finance

Guaranteed van finance – What’s the alternative?

At First Oak Capital, we understand that obtaining business van finance can be a daunting task, particularly for companies with bad credit. That’s why we’re dedicated to helping UK businesses find the best and most competitive business loans available, regardless of their credit history.

As finance brokers, we work with a wide range of lenders who specialise in providing van finance for businesses with less-than-perfect credit. We carefully review your financial situation and work tirelessly to source the most suitable financing options for your business. Our extensive knowledge of the lending market allows us to negotiate favourable terms and rates on your behalf.

By partnering with First Oak Capital, you’ll benefit from:

1. Expert Guidance: Our experienced team of finance professionals is well-versed in the intricacies of business van finance. We’ll guide you through the entire process, providing valuable insights and advice along the way.
2. Customised Solutions: We understand that every business is unique, and there’s no one-size-fits-all approach to financing. That’s why we work closely with you to understand your specific needs and tailor a financing solution that aligns with your business goals.
3. Time and Cost Savings: Searching for and comparing financing options can be a time-consuming and labour-intensive process. With First Oak Capital, you’ll save both time and money by letting us handle the legwork for you.
4. Peace of Mind: Knowing that your business van finance is being handled by experienced professionals will give you the peace of mind you need to focus on what matters most: growing your business.

Maximising Your Chances of Securing Business Van Finance

While there’s no guaranteed approval for van finance, there are steps you can take to improve your chances of obtaining financing, even with a less-than-perfect credit history:

1. Review and Improve Your Credit Score: Before applying for van finance, check your credit report to ensure its accuracy. If you identify any errors, report them to the credit reference agency to have them corrected. Focus on repaying existing debts and maintaining a clean payment history to gradually improve your credit score over time.
2. Prepare a Solid Business Plan: A well-prepared business plan can demonstrate your company’s viability, financial stability, and potential for growth. This can help reassure lenders that you’re a responsible borrower, increasing your chances of securing financing.
3. Offer Collateral or a Guarantor: Providing collateral, such as business assets, or having a creditworthy guarantor can reduce the lender’s risk and make them more likely to approve your van finance application.
4. Save for a Larger Deposit: A larger deposit can reduce the amount you need to borrow and demonstrate your commitment to the lender. This may result in more favourable loan terms and a higher likelihood of approval.
5. Seek Professional Advice: Working with a finance broker like First Oak Capital can significantly improve your chances of securing business van finance. Our expert team can help you navigate the complex lending landscape and find the most suitable financing options for your business.

In Summary

While the promise of guaranteed van finance may not be a reality in the UK, businesses with poor credit can still access financing options with the right guidance and strategy. First Oak Capital is dedicated to helping UK businesses find the best and most competitive business loans available, even for those with less-than-perfect credit. By following our tips and partnering with our experienced team, you can secure the financing you need to keep your business moving forward.