The costs of running a successful business
Car garages are also expensive to run. Rates for premises can be high, utilities are high, staff training and employment-related costs always add up – and this is before you get to the big-ticket items that you need to run your garage in a compliant, efficient and customer-friendly way. Investment is needed to buy the right kit and rig to jack up vehicles, perform more complex jobs, to store vehicles safely whilst in your care, and to carry out value-add services such as body paint spraying.
Financing your business plans
Most car garages prefer to avoid using up their working capital, as this places the business at risk if there is an immediate cash flow need; however, it can be hard to access loans from regular high street banks. The good news is that Century Business Finance has a better way of gaining the vital access to finance you need to thrive and grow.
A quick process
Even better, the loan application process takes just five minutes online with a quick application form. There is no complex paperwork or meeting requirements. Everything is handled efficiently and you will receive a lending decision within just 24 hours, with the money in your business bank account on the next working day.
Any questions?
Contact our industry-experienced finance team to discuss the needs of your garage, or complete your loan application online today for an instant decision.
Examples of Secured Loan Values
For Residential Properties – 70% LTV option:
If your:
Property is worth £100,000.00.
You have £50,000.00 remaining on the mortgage and no other charges.
You could borrow £20,000.00.
If your:
Property is worth £500,000.00.
You have £250,000.00 remaining on the mortgage and no other charges.
You could borrow £100,000.00.
For Commercial Properties – 50% LTV option:
If your:
Property is worth £100,000.00.
You have £25,000.00 remaining on the mortgage and no other charges.
You could borrow £25,000.00.
If your:
Property is worth £500,000.00.
You have £150,000.00 remaining on the mortgage and no other charges.
You could borrow £100,000.00.
Whatever your business need, the right kind of flexible finance is available to you. We’ll carry out a needs assessment based on your requirements and circumstances and advise on the loan products we can offer you. Our team are experienced, helpful, friendly- and they don’t speak in jargon!
Get in touch for a no-obligation chat today and secure the business finance that you need.