Santander Corporate Banking backs York-based Autohorn
As well as the rental side of the company, Autohorn provides a wide range of vehicle related services that includes contract hire, leasing and fuel cards.
The new financing arrangement from Santander will enable the business to meet its growth plans.
Lee Underwood, managing director of Autohorn Ltd, said: 'We have developed our relationship with Santander Corporate Banking over the last 18 months and we are very pleased to be working with them as we prepare for our future growth. Autohorn has grown year on year and to have a supportive banking partner that shares our vision in this economic climate is hard to come by. I look forward to further strengthening our relationship with Santander in the future.'
Andrew Russell, Relationship director at Santander Corporate Banking, said: 'We have worked closely with the management team over the last 18 months and we’ve been impressed with their strong knowledge of their market and controls within the business. Autohorn is one of the most prominent operators in this sector with a UK-wide footprint operating from its York-based head office. We are pleased to be able to provide additional funding to support the business with its continued growth.'