FAF operates tender panels for companies looking for an efficient and cost effective asset finance model.
For over 20 years, FAF has worked with a Waste Management company procuring finance for one of the largest vehicle fleets in the UK.
The large volume of funding and strong assets classes, have always made this competitive bidding by utilising our tender panel approach.
This sets up at the outset a panel of banks or funders that have limits in place/credit approved and documentation approved for the customer name. They then bid, usually on a quarterly basis to allow economies of scale, for the funding business.
This approach consistently drives down interest rates, with the competitive bidding element and banks/funders wanting to utilise their credit limits in place.