Automotive Finance

Business Loans, Invoice Finance & Asset Finance for Automotive Businesses

What we offer

Unsecured Business Loans

A traditional Loan Facility with no rates starting as low as 1.3% APR.

Invoice Finance

Release funds tied up in your invoices within 24 hours.

Secured Business Loans

A Business Loan with security offered, typically a property or asset, with equity attached.

Asset Finance

Gain funding, or refinance, assets in your business, such as equipment, plant or vehicles.

What is Automotive finance?

Automotive Finance is a broad term, but for SMEs it is simple. Those in the automotive sector, be it the sale, repair, or modification of vehicles, are always, like any other business, in need of funding. There are plenty of funding solutions for business operating in the sector, with the most common being Invoice Finance. Invoice Finance facilities work by allowing you to release the funds you have tied up in invoices within 24 hour of them being processed. This allows you to have a continuous flow of cash through the business, rather than be waiting lengthy payment terms.

Asset Finance is another option available to those operating within the automotive sector. An Asset Finance facility allows you to keep cash in your business rather than paying the full retail price of your asset on day 1. This gives you access to equipment for your company, financed over the course of up to 5 years. Assets can also be refinanced to bring an injection of cash into your business. Any assets can be assessed, and funds can be loaned based upon the value.

Eligibility

Turnover

Unless you are a new start-up company, the minimum turnover most lenders will deal with is £250,000.

Trading History

Similarly to Turnover, start-up companies can get funding, however a minimum of 6-12 months trading will give you access to a much more broad range of lenders on our panel.

UK Registered Businesses

Due to us dealing with UK Based Lenders, we can only find funding solutions for UK Registered Businesses.

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FAQs

How much money can I get as part of an Asset Finance Facility?
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Asset Finance facilities are based heavily on your business, and the asset in question. The cost of your asset/assets will determine the size of the facility and this can vary from smaller assets, such as office equipment, to large assets worth millions.

Am I eligible for an Asset Finance Facility?
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An Asset Finance Facility has similar eligibility guidelines to other products, although the process is slightly different. This type of facility is based solely around purchasing an asset, which means more information will be gathered surrounding the product. The amount accessed via an Asset Finance facility is completely dependent on your business, and your affordability. This can be assessed once information is exchanged with our consultants.

How much will an Automotive Invoice Finance facility cost?
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The cost of the facility will depend on a few factors. These are essentially decided by what you want from the facility, and how large your business is. Different lenders have different costs & fees that go with the arranging and running of your facility, but the main charges that go with running an Invoice Finance facility are the service fee, which is a percentage of the invoice value, and the discount fee, which is calculated from the amount of money advanced to you.

Am I eligible for an Automotive Invoice Finance facility?
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 Eligibility varies largely from lender to lender, with some being more flexible, some more rigid with their criteria. The basic criteria for applying for an Invoice Finance facility is as follows:
£250k minimum turnover
UK Registered Business
If you don’t meet this criteria it isn’t the end of the road, other funding options are available, and this can be discussed with one of our consultants.

How long does it take to set up an Automotive Invoice Finance facility?
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Invoice Finance facilities can be completed in as short as a few days, although the process can take longer. Our aim is always to make the process as quick, and simple as possible.

How much money can I get as a Business Loan?
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Business Loans can vary hugely in amount. With an Unsecured Business Loan, anything between £10,000 and £350,000 can be funded. With a Secured Business Loan, the range can be anything between £25,000 and £2,000,000.

Why JD Capital Finance?
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We are not your average broker. We strive to find you the perfect funding facility for your business, in the easiest way possible. We designate a member of our team of specialist finance consultants to you, walking you through the entire process until the funds are in your hands.

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Disclaimer: JD Capital Finance helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. JD Capital Finance can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. JD Capital Finance may receive a commission or finder’s fee for effecting such introductions.

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