March 30, 2026
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Best Same-Day Business Loan Lenders for the Automotive Industry

Discover the best same-day business loan lenders tailored for the UK automotive industry. Fast, reliable funding to keep your business moving forward.
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Best Same-Day Business Loan Lenders for the Automotive Industry
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

For UK franchise buyers and operators, this guide compares loan periods and amounts, APRs, and terms across leading providers, with a focus on eligibility and fit. Amounts that could not be verified are left blank, prices accurate as of 2026-03-27.

1. Novuna

Novuna specialises in providing tailored unsecured business loans for various sectors, including automotive. It is typically suitable for franchise buyers seeking clear loan terms and flexible financing options. The provider offers fast decisions and predictable repayment plans without secured collateral.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 30 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Working capital loans
  • Industries: Automotive, Retail, Services

Pros

  • Fast decision making
  • Flexible financing options

Cons

  • Limited loan amount for some businesses

Sources: Source Source

2. Iwoca

Iwoca offers flexible unsecured business loans designed for small and medium enterprises across the UK. Suitable for franchise buyers needing quick access to funds, it provides various repayment options with an emphasis on application speed. Loans are offered without property security but with varied APRs to suit different borrower profiles.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 49%
  • Loan Duration: 1 day to 24 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Flexi loans
  • Industries: Automotive, Retail, Construction

Pros

  • Quick processing time
  • High maximum loan amount

Cons

  • Higher APR for riskier loans

Sources: Source Source

3. Funding Circle

Funding Circle operates a peer-to-peer lending platform connecting small UK businesses with investors for unsecured loans. It fits franchise buyers looking for transparent rates and longer loan terms. The lender offers straightforward loans without requiring collateral and no early repayment penalties.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 6.9%
  • Max APR: 23.9%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans
  • Industries: General commercial, Automotive

Pros

  • Competitive rates
  • No early repayment fees

Cons

  • Strict credit requirements

Sources: Source Source

4. Liberis

Liberis provides revenue-based financing tailored to UK businesses that prefer variable repayments based on daily sales. It is suited to franchise buyers with fluctuating income who want flexible repayment options. This funding option usually does not require fixed collateral and adjusts duration according to performance.

Loan Details

  • Min Amount: £2,500
  • Max Amount: £300,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable duration based on revenue ⌛

Services & Industries

  • Finance Types: Revenue-based financing, Merchant cash advances
  • Industries: Retail, Automotive, Hospitality

Pros

  • Flexible repayment tied to revenue
  • No fixed repayment term

Cons

  • Not suitable for businesses with fluctuating sales

Sources: Source Source

5. Capify

Capify offers unsecured business loans and merchant cash advances focusing on easy access to capital. It suits franchise buyers needing working capital with flexible use and moderate loan durations. The lender emphasises speedy approvals and adaptable repayment structures.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 6 to 12 months ⌛

Services & Industries

  • Finance Types: Merchant cash advances, Business loans
  • Industries: Automotive, Hospitality, Retail

Pros

  • Flexible use of funds
  • Quick approval process

Cons

  • High cost if sales are low

Sources: Source Source

6. OakNorth Bank

OakNorth Bank specialises in secured business loans designed for larger UK enterprises requiring substantial funding. It is suited for franchise buyers with access to property or assets for security. The lender offers tailored solutions with flexible terms and longer durations to support scaling businesses.

Loan Details

  • Min Amount: £500,000
  • Max Amount: £25,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Secured business loans
  • Industries: Automotive, Property management, Manufacturing

Pros

  • Large loan amounts
  • Tailored solutions

Cons

  • Higher minimum loan amount

Sources: Source Source

7. Esme Loans

Esme Loans provides straightforward unsecured business loans with an efficient online application process. It is aimed at small and medium-sized franchises needing quick access to funds with clear conditions. The lender combines speed with moderate repayment terms suitable for various business needs.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 7.8%
  • Max APR: 24.5%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans
  • Industries: SMEs, Automotive

Pros

  • Easy online application
  • Speedy decision making

Cons

  • Limited product range

Sources: Source Source

8. ThinCats

ThinCats provides secured loans tailored to medium-sized businesses often requiring larger sums. It suits franchise buyers prepared to use assets as collateral and preferring flexibility in loan terms. The lender offers longer durations and no penalties for early repayment.

Loan Details

  • Min Amount: £250,000
  • Max Amount: £5,000,000
  • Min APR: 8.5%
  • Max APR: 0%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Secured business loans
  • Industries: Automotive, Manufacturing, Retail

Pros

  • Flexible loan terms
  • No early repayment fees

Cons

  • High entry loan threshold

Sources: Source Source

9. Close Brothers

Close Brothers offers a range of financial solutions including asset finance for UK businesses. It is suitable for franchise buyers able to provide collateral and seeking tailored loan arrangements. This provider focuses on flexible finance options with variable loan sizes and terms.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £2,500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Asset finance, Business loans
  • Industries: Automotive, Transport, Construction

Pros

  • Specialized in asset finance
  • Tailored loans

Cons

  • Requires asset as collateral

Sources: Source Source

10. Ultimate Finance

Ultimate Finance specialises in business finance solutions such as invoice finance and asset-based lending. It suits franchise buyers seeking fast access to working capital with a range of flexible financing options. The provider caters to businesses looking for adaptable terms without firm loan durations.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Invoice finance, Asset-based lending
  • Industries: Automotive, Logistics, Manufacturing

Pros

  • Quick access to cashflow
  • Wide range of finance options

Cons

  • Complex terms

Sources: Source Source

How to choose

When selecting the best same-day business loan lenders for the automotive industry, it is important to match loan size and APR to your financial capacity. Check lender eligibility criteria carefully to ensure your business qualifies. Prioritise speed of funding when immediate capital is essential, but balance this against the flexibility of loan terms. Consider whether loans require collateral, and review repayment structures to align with your business's cash flow patterns. Always evaluate fees, early repayment options, and lender reputation before applying.

Conclusion

Choosing the right lender depends on your specific financing needs and business profile. Banks typically offer larger loans with secured options but may have stricter criteria. Brokers can provide access to multiple lenders and broader options, useful for matching diverse franchise requirements. Specialist lenders often focus on niche needs such as quick funding or flexible repayment. Understanding these differences helps in selecting the best fit. Always confirm current costs, terms, and criteria directly with the Funding Agent before applying for a 200 thousand pounds loan or other amounts.

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FAQs

What is a same-day business loan?
Can automotive businesses qualify for same-day loans?
What are the typical requirements for getting a same-day loan?
Are interest rates higher for same-day business loans?
How can I use a same-day loan for my automotive business?
Where can I find trustworthy same-day loan lenders in the UK automotive industry?

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1NovunaNovuna offers fast business loans with tailored finance solutions for various industries, including automotive services.£10,000–£500,000; 0%–0% APR; 1 to 30 months
2IwocaIwoca provides flexible business loans in the UK, catering to small and medium businesses.£1,000–£1,000,000; 6%–49% APR; 1 day to 24 months
3Funding CircleFunding Circle is a peer-to-peer lending service that provides small businesses in the UK with unsecured loans by connecting them with investors.£10,000–£500,000; 6.9%–23.9% APR; 6 to 60 months
4LiberisLiberis provides funding to UK businesses through revenue-based financing, allowing companies to repay the loan with a fixed percentage of their daily sales.£2,500–£300,000; 0%–0% APR; Variable duration based on revenue
5CapifyCapify offers business loans and merchant cash advances, providing UK SMEs with easy access to working capital tailored to their business needs.£5,000–£500,000; 0%–0% APR; 6 to 12 months
6OakNorth BankOakNorth Bank offers bespoke loans and provides fast, flexible funding solutions for UK businesses looking to scale up.£500,000–£25,000,000; 0%–0% APR; 12 to 60 months
7Esme LoansEsme Loans provides straightforward business loans with a quick online application process, designed for small and medium-sized enterprises in the UK.£10,000–£250,000; 7.8%–24.5% APR; 12 to 60 months
8ThinCatsThinCats offers tailored business loans to medium-sized businesses, focusing on providing flexible lending solutions across the UK.£250,000–£5,000,000; 8.5%–0% APR; 12 to 60 months
9Close BrothersClose Brothers is a UK-based lending company that offers various financial solutions, including asset finance to businesses looking for tailored lending.£1,000–£2,500,000; 0%–0% APR; 1 to 60 months
10Ultimate FinanceUltimate Finance offers innovative business finance solutions, including invoice finance and asset-based lending, with quick access to funds.£5,000–£1,500,000; 0%–0% APR; Flexible
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