Key highlights
- Fund multiple buses under one or separate facilities
- Lenders assess total borrowing and combined serviceability
- Stagger terms to align with your revenue cycle
- Structure finance for growth without turning away work
- Several buses arranged across 80+ lenders
Growing operators often need to add several buses at once rather than one at a time. Financing multiple buses together is common and can be structured to suit your cash flow. Here is what to know.
Can you finance multiple buses at once?
Whether you're launching a new charter route or expanding a shuttle service, lenders can fund multiple buses, either under separate facilities or as part of a broader arrangement. The right approach depends on the number of buses, their value and your business's position, subject to lender criteria.
What do lenders check for multiple buses?
When you take on several buses, lenders look more closely at your total borrowing, cash flow and capacity to service the combined repayments. A solid trading history and clear demand for the extra capacity strengthen the case. Some lenders set exposure limits, so spreading buses across lenders can help.
How do you structure finance for growth?
Staggering terms or aligning repayments with your revenue cycle can keep multiple buses manageable. A broker can arrange finance across several lenders so you're not concentrated with one. For the tax side of expanding your fleet, check with your accountant or registered tax adviser.
How do you finance several buses?
Simon can structure finance for several buses at once across Overdrive's panel of 80-plus lenders. Ask for an obligation-free quote today. It's a soft check that won't affect your credit score.
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