Unsecured Loan and Revolving Credit Facility for car dealership

A used car dealership needed funding to purchase vehicle stock and to cover day-to-day expenses

Our clients approach

A used car dealership needed two separate financial solutions, one to purchase vehicle stock, and another to cover day-to-day operational expenses.

The client required the solutions to be quick to arrange, as well as providing flexibility when repaying.

How MAF Finance Group supported the client

MAF Finance group (MAF) worked alongside the client to identify the solutions that would align with their needs.

To ensure the client could purchase the vehicle stock, an unsecured loan was selected. This solution provided a sizeable lump sum with the option to pay the loan early, saving on interest. This suited the client as they can use the funding as they see fit and can settle the loan once the vehicles have been sold.

To cover the general business expenses, a revolving credit facility was identified. This was with a smaller limit, which was ideal for the client to manage their operational costs. With this facility, once the funds are settled, a business can then draw down on payments again.

MAF leveraged its relationships with specialist funders to arrange the finance, this quick and efficient process was ideal for the client and allowed the deal to progress.

How MAF Finance Group facilitated the intended outcome

The completion of these two deals meant that the client was able to receive an unsecured business loan at £100,000, and a revolving credit facility at £20,000.

These funding solutions enable the used car dealership to fund their forecourt and cover wider business costs, ensuring that the client has the finance in place that allows them to grow.

To learn more about how we can arrange funding for car dealerships, email us at [email protected], or to speak to us directly, call us on 0115 958 6872 and a member of our team will be happy to speak to you.