From Engine Trouble To Business Triumph
Client Profile
Established trucking business owner
Owned a truck outright
Faced a critical situation requiring a costly engine rebuild ($40,000 - $50,000)
Limited access to traditional financing options
The Problem
Truck company faced critical situation that required a costly engine rebuild ($40,000 - $50,000)
Imagine facing a critical situation where you business’s lifeline hangs in the balance. It was exactly what our client experienced.
Our client, an established trucking business owner, encountered a significant hurdle. He owned a truck outright, but the engine required a costly rebuild, estimated between $40,000 and $50,000.
Unfortunately, traditional financing options were not accessible
The Result
Nova recognised the urgency and devised a unique strategy. Nova promptly purchased the truck from our client and financed the much-needed engine rebuild.
Rather than parting ways, we entered into a mutually beneficial four-year rental agreement. During this rental period, our client has the freedom and flexibility to buy back the truck at any time.
We’ve provided a pathway for him to regain ownership and continue growing his business.
It’s a win-win scenario, ensuring our client’s success while mitigating risks.
Innovative solutions and building fruitful partnerships are at the core of this story.