Stance Asset Finance has completed a £168,000 hard asset finance facility to support the expansion of a Nottinghamshire-based environmental services business.
The facility funded the acquisition of a specialist road sweeper, enabling the business to expand its fleet while preserving working capital.
The deal was introduced to Stance broker development manager Alex Fowler by Elliott Caunt of Alpha Asset Finance.
Stance said the client required a tailored facility to maintain operational momentum and support day-to-day service delivery. It structured a bespoke asset-backed lending solution to enable the immediate purchase of the vehicle.
The funding also allows the business to spread costs over a sustainable term, supporting cash flow and its longer-term growth plans in Nottinghamshire’s environmental services sector.
The transaction follows Stance Asset Finance’s soft launch to a limited panel of “Founders Club” broker partners. The United Trust Bank brand intends to widen its panel ahead of a full launch later this year.
Caunt says: “Working with Stance and Alex Fowler was seamless from start to finish. They immediately understood the asset requirement and delivered a funding solution that enabled fleet growth without putting pressure on cash flow.
“Fast, clear, and genuinely supportive throughout.”
Fowler (pictured) adds: “I know the high standards Elliott and the team at Alpha Asset Finance set for their clients, so speed and execution were critical.
“Alpha is a growing British business supporting other great UK SMEs, and I’m pleased Stance could play a part in helping them and their customers keep moving forward.”
