FINANCE OPTIONS

^Secured Business Loans for Vehicle Repair – Get a Quote

Q: How much can I borrow for vehicle repair funding?

With secured business loans, you can typically borrow between £5,000 and £2,000,000. The exact amount depends on factors like asset value, financial health, and lender criteria. We can help navigate these complexities to find you the best solution.

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

Usually, an initial decision is made within 1 to 5 business days. The timeline for receiving funds might vary from 2 to 6 weeks depending on documentation completeness and asset valuation. We're here to smoothen the process for you.

Q: What are the typical interest rates for secured business loans?

Secured business loans typically offer interest rates ranging from 2% to 15% APR. The rates are influenced by creditworthiness, asset types, and market trends. We can provide tailored advice on securing competitive rates.

Q: What eligibility criteria must I meet for a secured business loan?

Eligibility often requires a minimum of six months trading history, satisfactory credit score, and asset ownership. You'll also need to prepare financial statements. Our expertise can assist you in meeting these requirements smoothly.

Secured business loans for vehicle repair are vital for financing critical needs such as purchasing tools or expanding services. By using physical assets like equipment or property as collateral, these loans offer an efficient way to secure significant funding. Explore more about unsecured business loans for potential alternatives.

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

Apply Now

What are the ^benefits of Secured Business Loans for Vehicle Repair?

These loans offer notable benefits including lower interest rates and larger borrowing amounts compared to unsecured options. Decisions are generally reached within 1 to 5 business days. Discover how business loans can support your financial needs effectively.

Lower interest rates

Flexible repayment terms

Access to larger amounts

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Secured Business Loans for Vehicle Repair?

Equipment Financing

Equipment Financing is designed for businesses needing funds ranging from £5,000 to £500,000, with interest rates from 3% to 15% APR. Eligible businesses must have at least six months of trading history. Consider using our application form to get started.

Equipment Financing

Equipment financing typically requires asset valuation and a business plan. These loans support purchasing lifts or diagnostic machines. Decision times range from 1 to 3 days, making it an expedient choice for vehicle repair workshops. Learn more about financing options available for your business needs.

Asset Refinancing

Asset Refinancing allows release of cash tied in valuable assets, offering amounts from £10,000 to £1,000,000 with APRs between 4% and 12%. Existing free assets and a good credit history are required. Our tools can assist in the application process.

Asset Refinancing

This method involves assets such as business vehicles for capital release, aiding operations reinvestment. It suits car dealerships or repair shops expanding premises. Find detailed assistance on our blog.

Commercial Mortgage for Vehicle Repair Premises

Commercial Mortgages are suited for businesses with a solid trading history seeking amounts from £25,000 to £2,000,000, with interest rates from 2% to 10% APR. Discover how our partnered lenders can assist you.

Commercial Mortgage for Vehicle Repair Premises

This involves purchasing or refinancing workshop space, facilitating expansion or relocation. Approval is usually within 1 to 2 weeks, with detailed property assessment. Our comprehensive business lending solutions reviews provide further insights.

What is a Secured Business Loan for Vehicle Repair?

Application Process Overview

The application involves submitting a business plan, financial statements, and asset valuations. Initial decisions occur within 1 to 5 days. Consider our efficient application agent to streamline your experience.

Regulatory Compliance

All lenders must comply with FCA regulations ensuring fair lending practices. Secured loans offer longer terms and lower rates, a benefit worth exploring further via our resource guide.

Borrowing Capacity Factors

The amounts depend on asset value and business financial health, typically ranging from £5,000 to £2,000,000. Rate factors include credit score and market conditions. Explore detailed options through our resource blog.

Get Funding For your business

Generate offers

FAQ’S

How much can I borrow for vehicle repair funding?

How quickly can I get a decision on a secured business loan?

What are the typical interest rates for secured business loans?

What eligibility criteria must I meet for a secured business loan?

DIVE DEEPER

June 24, 2025

We Like To Keep Things Simple

Match with

150+

Lenders

Loans from

£1000
to
£500K

Find all our resources

^Secured Business Loans for Vehicle Repair – Get a Quote

What are the ^benefits of Secured Business Loans for Vehicle Repair?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of Secured Business Loans for Vehicle Repair?

Equipment Financing

Equipment Financing

Asset Refinancing

Asset Refinancing

Commercial Mortgage for Vehicle Repair Premises

Commercial Mortgage for Vehicle Repair Premises