Business Loans for Automotive Businesses

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Specialist business finance for the automotive sector

The automotive industry plays a vital part within the UK economy and accounts for more than 74 billion pounds worth of turnover annually. As one of the largest British industries, and over 39 million cars running on UK roads, there are more than 30 different vehicle manufacturers, with 14 of those dominating the sector. In order to keep Britain’s drivers on the roads and our infrastructure working, we rely on a vast network of independent businesses buying, selling, renting, servicing, repairing, and rescuing our vehicles.

At Elite Business Funding we have extensive experience of serving the automotive industry with tailor made solutions to meet their business funding requirements, whether it’s to bridge cashflow, or fund expensive purchases such as new vehicles or equipment.

Automotive businesses we have successfully funded

With years of experience under our belt, we have built up a solid and reputable client base, having successfully funded many businesses within the automotive industry, including:

  • Garages and MOT centres
  • Body repair and vehicle spray shops
  • Used car sale dealerships
  • Car rental companies
  • Car parts and accessories retailers and wholesalers
  • Commercial vehicle fleet operators

How our automotive loan options can help you

Due to the expense associated with vehicles, from purchasing parts and covering labour, to buying vehicles outright, sometimes running a business in the automotive industry can feel like running on empty. Whilst it’s inevitable that there will be some unexpected or large costs, fortunately help is at hand to smooth the peaks and troughs. At Elite Business Funding, we can match you with a tailormade funding solution to cover a range business activities:

  • Ordering spare parts
  • Purchasing new or used vehicles
  • Buying machinery and testing equipment
  • Business expansion
  • Advertising and marketing
  • Releasing capital earlier on insurance repair work

How it works

The application process is simple. All we require from you is a few company details, including your company name, yearly turnover and the amount of funding required. Once you have applied for an automotive loan with Elite Business Funding, we will use our expertise to find the most suitable business funding option for your business – often funding in as little as 2 days.

If you’re interested in our automotive funding options, get in touch with the professionals today.

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