FINANCE OPTIONS

^Business Loans for Automotive Garages - Apply Now

Q: How much can I borrow for an automotive garage business loan?

You can typically borrow between £5,000 and £1,000,000. The exact amount depends on factors like credit history, revenue, and available collateral.

Q: How quickly can I get a decision on a business loan?

Initial decisions can take from 1 to 14 days, depending on the specific loan type and amount sought. Quick approvals are possible with complete applications.

Q: What are the interest rates for garage business loans?

Interest rates generally range from 2% to 20% APR, influenced by credit scores, loan amount, and terms. Specific rates depend on lender policies.

Q: What are the eligibility requirements for automotive garage loans?

Eligibility typically requires a UK-registered business with a minimum of 12 months' trading history, a solid credit profile, and proof of consistent revenue.

Business loans for automotive garages in the UK provide essential financial support, enabling garages to purchase equipment, expand operations, or manage cash flow efficiently. Whether it’s acquiring new lifts or diagnostic tools, these loans facilitate growth and operational continuity. Explore more about tailored business loans specific to your needs.

Business Loans

Secure up to £500,000 in Business Loans with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

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What are the ^benefits of Business Loans for Automotive Garages?

These loans offer garages the ability to invest in necessary infrastructure with loan amounts ranging from £5,000 to £1,000,000, with decisions available in 1 to 14 days. They ensure you can maintain cash flow, expand services, and manage expenses effectively. Discover the benefits of equipment finance for small business needs.

Easier capital access

Flexible repayment options

Business growth potential

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Business Loans for Automotive Garages?

Equipment Financing

Equipment Financing is ideal for UK-registered garages with a trading history. Loan amounts range from £5,000 to £500,000 over 12 to 84 months. Find suitable equipment finance solutions for your garage.

Equipment Financing

This financing offers interest rates from 3% to 12% APR, with decisions made within 1 to 7 days. Use these funds to purchase new lifts or diagnostic machines. Learn about flexible options specific to working capital loans in the industry.

Working Capital Loans

For garages seeking to cover cash flow gaps or operational costs, working capital loans offer £5,000 to £250,000 over 3 to 36 months. Explore options through working capital loans.

Working Capital Loans

Interest rates vary between 5% and 20% APR, with funds typically available in 2 to 5 days. Ideal for managing seasonal fluctuations and covering staff wages. Get a comprehensive view of unsecured working capital loans tailored for automotive garages.

Commercial Mortgages

Commercial mortgages support garage expansion, offering £50,000 to £1,000,000 over 60 to 300 months. Discover more about commercial mortgages for your business needs.

Commercial Mortgages

With interest rates between 2% and 7% APR, decisions are made within weeks. Perfect for purchasing additional space or refurbishing existing property. Get expert advice on business loans for expanding garage facilities.

What is a business loan for automotive garages?

Application Procedure

The process to apply for a business loan involves submitting comprehensive financial documents and undergoing credit checks. Learn more about efficient applications with equipment finance for small businesses.

Regulatory Requirements

All lenders must be FCA-authorised, ensuring compliance and security. Our expert team facilitates adherence to these regulations. Explore regulatory compliant working capital solutions.

Borrowing Capacity and Rates

Loan capacities range from £5,000 to £1,000,000 with rates between 2% and 20% APR, influenced by credit history and collateral. Discuss competitive options with our unsecured business loans.