Building Better Finance...
When this long-established business needed finance, owner Gerard Healy chose to raise the funds with ‘P2P lending’ platform Linked Finance. He enjoyed his experience so much that he raised funds on three separate occasions.
Established in 1988 by Gerard Healy, Cafco Vehicle Solutions specialise in bespoke vehicle modifications and body repairs. The company also modify vehicles for users with special needs as well as stocking a range of vans and trucks available for sale.
Operating out of a 30,000 sq ft, 12-bay workshop in the Northwest Business Park, Blanchardstown, means Cafco is ideally situated to serve customers up-and-down the country.
Renowned for its reliable and high-quality work, Cafco’s clients include some of the most recognisable brands in Ireland, such as Volkswagen, the Dublin Airport Authority (DAA), UPC, and Bord Gais, as well as a large base of independent companies.
The vehicle modification market is growing, especially for commercial vehicles. As such demand for Cafco’s services is rising.
At the beginning of 2016, Gerard identified the food industry as an area that they could serve very well. These vehicles require very specific chilled and frozen compartments to keep the products fresh in transit.
To be in a position to serve this growing market, Gerard wanted to purchase the necessary products and get fitting right away. So, he started weighing up his options about the various forms of finance he could use to fund his plans.
Cafco have been in business for a long-time and Gerard is no stranger to raising finance via traditional means. He knows what a time-consuming process it can be and that’s why he chose to raise the funds through Linked Finance.
“The speed and flexibility on offer really stands out to me. Linked Finance specialise in business loans and it’s very evident.”
The easy application process, quick credit approval, and competitive interest rates all appealed to Gerard. Also, there was no collateral requirements and no early settlement fees, which made Linked Finance an attractive option.
Very quickly, Cafco was ‘live’ on wpengine.staging.linkedfinance.com and got the funding he needed in just a few days.
Gerard was delighted with the outcome of the loan, so much so that shortly after his first foray into ‘P2P lending’ he was back again to fund a new project, one that would put him ahead of competitors and provide Cafco with a USP in the marketplace.
Gerard wanted to invest & develop some moulds for fuel saving aerodynamics. This time, he knew exactly who to call.
The quick, hassle-free process that he enjoyed the first time around worked even better the second time, and shortly after this Gerard raised a third loan with Linked Finance to finish off the project.
After raising three loans with Linked Finance, Cafco is well-known among lenders, and Gerard has access to a fast, reliable source of finance.
“I was really impressed with Linked Finance, raising a loan can be a long, drawn out process at the best of times, so their quick, hassle-free approach was a breath of fresh air”
If you've got plans to take your business to the next level, talk to Linked Finance. We can provide business loans of up to €300,000 to Irish SMEs. Fill in the form to apply now...
Case Study Snapshot
Amount: €20,000; €30,000; €40,000
Purpose: Install & develop new product lines