Business Loans for New & Used Car Sale Dealerships

Get £3k to £300k within 24 hours

  • Pay back through future card sales
  • Unsecured – there’s no worry
  • Same day funding in to your business
Apply Now

Quick Decision with No Obligation

Merchant Loan Advance Reviews Trust Logo
Supporting British Businesses

Funding dealership growth across the UK

Accelerate your business growth and stay ahead of your competitors with business finance designed for new and used car dealerships. A merchant cash advance unlocks funding in your customer card sales, allowing you to purchase new vehicle stock, expand your showroom or launch new services.

Works with your existing PDQ card machine

Works with your card sales

Unlock funding from £3,000 up to £300,000 against your customer card sales.

Flexible repayments - repay when you sell

Flexible repayments

Automatically repay a small percentage when customers purchase by card – There are no fixed payments.

Unsecured finance - No asset security required

No asset security required

The advance is unsecured, so your business assets are safe.

Keep 100% of cash transactions

Fast funding

A quick desicion and process mean you can access your money in just 24 hours after approval.

No hidden costs

No hidden costs

The cost of the finance is made clear to you upfront. There are no hidden costs, confusing APR’s or other nasty charges.

Apply online 24 hours a day 7 days a week

Apply online 24/7

Apply at any time - We can process your application 24 hours a day.

Apply Now

Quick Decision with No Obligation

Fast business finance that puts your motor dealership in the driving seat

There are an estimated 15,000 car dealerships in the UK, including 4,769 franchised dealers as of the end of January 2021. The market is tough, and it's key to invest in your business to stay ahead of the competition.

We are pleased to announce that we are funding car sales, car dealerships and used car salerooms across the UK with our merchant cash advance product. There are many ways you can raise finance to help grow your car sales business, including bank loans, secured commercial loans, mainstream finance and other traditional forms of funding options. But they share many disadvantages between them.

Traditional lending can see strict lending criteria, long-winded application processes, formulation of business plans, the requirement for you to offer security (possibly home or commercial asset), charges, penalties and extra fees and so on. It can be a minefield to find the right type of finance deal for your business.

By using a cash advance, your car dealership won’t feel the pressure of meeting strict monthly repayments. If your business is seasonal, you may experience lower sales across a period. Therefore your repayments would fall in line with your cash flow, and they too would be lower for that period.

Talk to our team today, and we can advise on how we are helping more and more car sales and dealerships find the funding they need to grow and free up cash flow.

Apply Now

Quick Decision with No Obligation

Customer receiving car keys in car showroom

Motor trade business loans for any purpose, such as:

  • Finance to purchase your vehicle stock
  • Renovate your showroom and forecourt
  • Increase marketing and advertising campaign budgets
  • Help with cash flow issues
  • Hire and train new car sales staff and receptionists
  • Expand your services by offering vehicle maintenance and repair to your customers
  • Build a website to showcase your vehicle portfolio
  • Emergency use such as to pay unexpected bills
  • Upgrading POS, car tops and window displays

A car sales business loan works by allowing you to raise a similar amount of funding to your monthly card turnover. In some cases, lenders will advance your business a larger sum close to the equivalent of your total business turnover, including cash and card transactions.

Unlike traditional finance, where you pay off a set agreed amount of money each month, a merchant cash advance allows you to repay a percentage of your future card sales.

In other words, you repay as you make sales from customer credit and debit transactions. This amount can average from 10% plus. For example, a customer purchases a second-hand car for £1000 and pas you by card. You will keep £900, and £100 is paid back automatically to the lender.

Firstly, there is no APR. The lender calculates cost using a factor rate. This cost does not change and is the total amount that you will repay. On average, it fluctuates depending on business risk etc., from 1.23 plus. In other words, a business looking for £10,000 would repay £12,300, and a business looking for £50,000 would repay £61,500.

This factor rate value can change – sometimes lower, sometimes higher, so it is good to use our services to ensure you receive the best market leading factor rate.

Use our calculator to work out the cost of a cash advance.

Yes, if your dealership offers additional services, such as vehicle servicing, body and tyre repair and MOT's, the card sales made through these channels will be included and contribute to your advance amount and repayment.

Read more about business loans for car services and MOT centres here.

Apply Now

Quick Decision with No Obligation

Funding Britain's Small Businessses

"We have helped many car dealerships across the UK receive funding to grow"


£7+ Million
Total Funded to Businesses



90%
Application Approval Rate


Merchant Loan Advance Reviews Trust Logo

It's as easy as 1-2-3!

The process is fast, simple and straightforward. It's hassle-free, meaning there's no complicated paperwork to complete so you can focus on growing your business.

Step 1 - Apply online in minutes

1

Apply online in minutes

Apply online for a cash advance from £3,000 up to £300,000 for any business purpose.

Step 2 - Get funded in 24 hours

2

Get funded in 24 hours

The merchant cash advance can be with you in as little as 24 hours after approval.

Step 3 - Pay back only when you sell to your customers

3

Repay only when you sell

You simply pay back a small percentage of your future card sales as they happen. You only repay when you sell.

Apply Now

Quick Decision with No Obligation