Loans Hub · Business Finance by Industry
Business Loans for Garages & Automotive
Funding for garages, MOT centres, bodyshops and dealers — equipment, ramps, diagnostic kit, stock and premises. Compare asset finance and fast loans from a whole-of-market UK panel.
Why automotive businesses borrow
Equipment and stock are the big costs. Borrowing commonly funds:
- Ramps, lifts and diagnostic equipment.
- MOT bay setup and tooling.
- Bodyshop and paint equipment.
- Vehicle stock for dealers (often via stocking finance).
- Premises and expansion.
How much can a garage or dealer borrow?
Equipment finance is sized on the kit, while dealers use stocking finance sized on forecourt vehicles. Unsecured borrowing tracks turnover. A busy garage or established dealer can assemble substantial funding across equipment, stock and working-capital facilities.
What lenders look at for automotive
Lenders assess turnover, the value of equipment or stock, and how steady the workflow is. Garages with consistent bookings and dealers with healthy stock turnover are attractive. Existing equipment and forecourt vehicles can secure cheaper, larger facilities.
Best finance options for garages and dealers
Asset finance funds ramps, tooling and diagnostic kit over their working life. Stocking finance funds dealer vehicle stock. An unsecured business loan covers premises, tooling and working capital, with the Growth Guarantee Scheme for larger investment.
Funding forecourt stock
For dealers, cash is tied up in vehicles on the forecourt. Stocking (floorplan) finance funds that stock so you can hold more cars and turn them faster, repaying as each vehicle sells. Match the facility to your stock-turn rate.
Compare your finance options
It takes under a minute — and enquiring never affects your credit score.
Frequently asked questions
Can I finance garage equipment?
Yes. Asset finance is the standard route for ramps, lifts, diagnostic and MOT equipment, spread over its working life.
Can car dealers finance their stock?
Yes. Stocking or floorplan finance funds forecourt vehicles, repaid as each car sells.
How much can an automotive business borrow?
Equipment and stock finance is sized on the assets, with additional unsecured borrowing tracking turnover.
Is bad credit a barrier?
It raises the rate but rarely blocks asset finance, which is secured on the equipment or stock itself.