Case Studies

Fork Truck Borders Instruction Ltd

Region: North East
Location: Berwick-upon-Tweed
Programme: Bank referrals to finance platforms

Fork Truck Borders Instruction Ltd provides training for forklift trucks and other plant machinery including excavators, dump trucks and cranes.

They wanted to buy a new forklift truck, to employ a new member of staff and expand the business, and applied but were turned down for an overdraft with their existing business bank, even though the business had managed for seven years with no overdraft and they could see Fork Truck Borders Instruction Ltd’s business accounts.

Under the new Bank Referrals to Designated Finance Platforms scheme, they were referred to Funding Options within an hour, who passed them on to Iwoca. Iwoca approved their funding (£5,000), and they had the money in their account within 24 hours of being turned down by the bank.

Douglas Younger, Company Director at Fork Truck Border Instruction Ltd, said: “Getting this funding quickly has really helped in a time of need, and now I’m interviewing for staff with the new forklift truck already in place. To buy this equipment urgently, I was in the corner, and it was a real blessing to have the alternative – it was a pleasure dealing with Funding Options.”

 

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