SME lender, Simply, has helped provide restructured finance agreements for Swanage Taxis, operating as Linkrider Coaches, to ensure that it can weather the current COVID-19 pandemic and continue trading.
Linkrider Coaches is a family-run firm that provides student and private coach hire services in Dorset and the south coast. Because the bulk of its work is focussed on the transport of students to and from their places of study, there has been no business for the firm since educational establishments closed before Easter.
Simply worked with Nick Hubbard at Linkrider Coaches to create a bespoke payment profile that mirrored the seasonal nature of the business, benefitting the company and giving it as much flexibility as possible.
Linkrider Coaches’ Nick Hubbard says: “It’s obviously a difficult time for many businesses. We contacted Andy as soon as knew what was likely to happen over the next few months and knew that he would go the extra mile for us.
“He was proactive in helping clear our arrears and doing everything such as asset inspections and document signing remotely.”