Unsecured loan for a car repair garage

An existing client was in need of a cash injection for their business

The clients approach

A new client to MAF Finance Group (MAF) got in contact with us off the back of a marketing campaign to see if we could help arrange a short term loan to help them buy new courtesy cars.

The client was looking to buy older vehicles and wanted the option to settle the loan early making an unsecured loan the ideal finance product for them.

In just 72 hours the client had the funds in their account. Satisfied with the work completed by us, the client returned 6 months later with another finance request.

The client needed funding for equipment upgrades and renovations to the garage, a long term solution was required in the form of another unsecured loan.

In a similar efficient manner we gained a 6 year term for the client keeping the cashflow impact to a minimum.

The process from start to finish

MAF are able to process applications from start to finish minimising the amount of input from clients, leaving them to focus on running their business.

Once we gained the relevant information required we were able to approach our wide panel of lenders and get offers on the table within 24 hours, after a quick phone call to discuss, the client decided to proceed at which point arrangements were made with the lender and funds were paid out 48 hours later.

How MAF Finance Group facilitated the intended outcome 

Over the 6-month period, MAF arranged over £100,000 worth of funding with two unsecured loans for the client.

Through securing the two loans, the business has been able to make improvements holistically, having a larger supply of courtesy cars for when client’s vehicles come in for repair and with the most recent loan the business was able to purchase new equipment that allows the garage to provide a higher quality and more efficient service to its customers.

By making the process quick and easy for the client they are happy to continue working with us on all of their finance requirements moving forward.

To learn more about our financial products, you can email us at [email protected], or if you would like to speak directly to us, you can call us on 0115 958 6872.