Loan is helping car lease firm to expand
A BURTON-BASED car leasing specialist is accelerating growth plans after securing a £35,000 funding boost from BCRS Business Loans.
Wileman Sales Consultancy, which has recently been appointed as a representative of the Select Car Leasing Group, accessed finance from BCRS Business Loans.
The company used £35,000 backed by the Recovery Loan Scheme (RLS) to initiate a sales and marketing plan to increase awareness of the newly franchised brand along the A38 corridor between Derbyshire and Birmingham.
Managing director of the firm, Richard Wileman, said: “I am delighted to have secured funding from BCRS in order to achieve the growth plans we have set for 2022 and 2023.
“It has been a difficult two years due to Covid-19, but the green shoots of recovery are now showing through and the car leasing sector as a whole is projected strong growth in the coming years.
“We have already recruited a salesperson to kickstart this growth and also have plans in the pipeline to employ an additional two staff in admin and marketing.
“I found the process at BCRS to be incredibly easy compared to other finance facilities, and I thoroughly enjoyed the interaction between our dedicated lending manager, which made the whole process seamless.”
Andrew Hustwit, the head of business development at BCRS Business Loans, said: “We are pleased to have provided the funding that Michael needs to take his business to the next level. As a lender dedicated to social and economic impact, we are also delighted that Wileman Sales Consultancy will be creating several new jobs in the coming months in addition to the one they have already recruited.
“We are committed to supporting the growth and recovery of businesses right across the West Midlands that are unable to tick all of the boxes at other lenders.”
RLS is managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy.
Businesses in the West Midlands region that are struggling to access finance from traditional lenders can secure loans from £10,000 to £150,000 from BCRS Business Loans to support growth and recovery plans.
BCRS is a delivery partner for the RLS.