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An invoice-ready working capital loan is commonly considered where your garage can evidence repeat bookings and payment patterns from recent bank statements. Typical borrowing ranges are £100,000 to £1,000,000, with many SME offers clustering around £200,000 to £750,000 for near-£1m funding. Terms are often 36 to 84 months with monthly repayments. Indicative unsecured pricing is often in the region of 8.0% to 15.0% APR, and decisions are frequently around 1 to 3 weeks from receipt of complete information.

A director/guarantee-backed term loan can help garages reach higher funding levels where lenders may want extra confidence beyond the business alone. Typical amounts range from £50,000 to £1,000,000, with approvals near the upper end usually linked to stronger cash flow and director guarantee strength. Terms are commonly 24 to 72 months. Indicative pricing for unsecured or guaranteed structures is often around 7.5% to 14.5% APR. Decision times are often about 2 to 4 weeks once full documentation is provided, since director credit and affordability checks can take longer.

A refurbishment finance unsecured loan is usually considered when you can show how planned investment improves cash generation. Typical amounts are £150,000 to £900,000, with near-£1m possible when turnover and affordability are strong. Lending terms often sit between 48 and 96 months. Indicative rates are often around 8.0% to 16.0% APR, with higher focus on risk and the longer-term repayment period. Decisions are frequently around 3 to 6 weeks, as lenders may review your investment rationale and forecasting, especially when management accounts are required.