Aldermore Bank has provided an asset finance facility to M&R Haulage, a company which provides services to tarmac companies involved in road and motorway maintenance.
The Hounslow-based haulage company is in the midst of upgrading its vehicle fleet to match low-emission targets, and will use the finance to purchase a new truck.
M&R Haulage was founded in 2007, and employs 10 staff between its two divisions, M&R Haulage, and M&R Aggregates. The company hopes that the finance from Aldermore will help to secure more clients.
Varinderjit Singh, director at M&R Haulage, said: “When we were looking for a lender to finance our new truck, Aldermore stood out as enjoying a good reputation within the industry.
“We were really pleased with the funding terms offered by Aldermore and the service they have provided has been both flexible and efficient with the start.
Neil Johnson, account manager, asset finance at Aldermore, said: “With its new finance facility, M&R Haulage is able to progress the upgrade of its fleet, and is well-placed to take advantage of opportunities that may come up over the next few years, particularly as a result of the government’s decision to support the construction of a new runway at Heathrow.”