£500K unsecured loan for a used car dealership

A used car dealership needed to replace its stocking finance facility with an unsecured loan.

An existing customer of MAF came to us to secure a £500K unsecured loan to replace their car stocking finance facility as they were getting increasing frustrated with the level of service received from the stocking facility.

The customer wanted to consolidate all their stocking facilities into one unsecured loan which allowed them to focus  on purchasing new vehicles and allowed them to gain more profit per vehicle sale.

Due to our panel of funders, we were able to split the funding between two funders with two £250K unsecured loans which closed the stocking facility.

The client was happy with the unsecured loan as it allows them to make better profit margin in years to come. 

To find out how we can help your business like we did here, email enquiries@maffinancegroup.co.uk, call 0115 958 6872 or fill in an enquiry form below.