UK broker Evolution Funding has launched a ‘two for one’ initiative on all prime acceptances for limited companies.
Under the initiative, when a limited company has a vehicle accepted with a prime lender, Evolution will guarantee a second acceptance on a similar vehicle.
The second vehicle will be funded either through one of its panel of lenders or through Evolution Loans, Evolution’s own lending arm, if needed.
Chris Coverdale, sales director at Evolution Funding, said: “In most cases, where the customer wants that second vehicle, we would aim to broker out the second deal. However, where this isn’t possible, we would agree the finance on our own book, Evolution Loans. As such, we can guarantee the second acceptance.”
As well as the two for one initiative, Evolution has also introduced an auto accept facility for limited company proposals, which will allow dealers to take their customers out of the market at the proposal stage.
Evolution Loans currently has over 1,200 live agreements and a live loan balance of over £5m.