Key Facts
- The client wanted to purchase an air conditioning business for $300,000.
- The client required a loan of $150,000 to complete the purchase.
The Client’s Problem
- The client approached its bank of 25 years for a business loan.
- After two months the bank had not approved the loan.
- The client was anxious as settlement on the purchase was due within 10 days.
Zenith Leasing’s Solution
- Zenith Leasing was approached to assist in financing the purchase.
- Assessment, approval and settlement were achieved within 10 days.
- The client was able to complete the purchase.
- The new lending facility provided by Zenith Leasing took security over a number of unencumbered vehicles that the business owned.
