No matter what the reason for your funding needs, we can help you to source a range of borrowing solutions from the comfort of your home, office, garage or showroom.
Whether you need new manufacturing equipment for your factory or diagnostic tools for your garage, asset finance is a great option for preserving your cash flow. Rather than paying a large upfront fee for essential tools and equipment, the lender will purchase them on your behalf, allowing you to spread the costs of these purchases over a convenient number of months or years.
Late and unpaid invoices can cause automotive businesses a real headache. Not only are they time consuming to chase up but they can also inhibit your cash flow and therefore your ability to take on new projects. Invoice discounting and invoice factoring takes away the stress of late payments by advancing you up to 95% of your outstanding invoices, allowing you to focus time and money elsewhere within your organisation.
If you operate a showroom, automotive retail unit, garage or any other business which takes credit card payments from customers then a merchant cash advance is well worth considering. Money is lent to you based on previous credit card payments that you've received and is paid back in part each time a customer makes a future credit card payment.
Trade finance is ideal for those involved in automotive manufacturing. Funds are secured against your purchase orders, giving you the capital needed to pay suppliers and deliver timely orders to your customers.
Working capital is the lifeblood of any business and a shortage can affect your ability to take care of everyday costs such as staff wages, equipment maintenance, utility bills and more. Working capital finance can help to plug any shortfalls in these areas and is repaid over a flexible number of months or years so as not to put essential cashflow at risk.