Towbar Fitting and Trailer Centre Business Loans

Towbar Fitting and Trailer Centre Business Loans

Merchant Cash Advance for Towbar and TrailersIf you are looking to grow your towbar fitting business or expand your trailer centre, maybe you just need cashflow finance we can help

We support tow-bar fitters and trailer centres with alternative cashflow finance. Whether it’s to help with the cash flow or to pay for expansion costs, here’s how an alternative business loan can provide the ideal solution for your towbar and trailer centre business.

If you’re thinking about taking out a business loan, it’s best to consider your options carefully before applying. It’s important to make sure you’ll be able to repay the amount you borrow and have a plan in place in case of any unforeseen changes in your businesses financial circumstances.

What is an unsecured loan for towbar and trailer centres?

An unsecured business loan for a towbar and trailer centres is a loan made without the use of collateral. This type of loan requires borrower to provide evidence that they can meet their repayment terms, such as good credit scores, regular income and other financial information. Unsecured business loans are typically riskier for lenders than secured loans as there is no physical asset that can be repossessed if the borrower defaults on payments.

The interest rate of an unsecured business loan may be higher compared to its secured counterpart, but could still offer entrepreneurs a ready source of funding to help kick-start their business.

Types of finance for Towbar & Trailer Centres

There are a number of different types of finance available to town bar fitters and trailer sales centres, here Arte the most popular:

Merchant Cash Advance

Any Towbar fitters or Trailer business that takes regular card payments can qualify. While business loans from the bank are notoriously difficult to obtain, especially if you’re a small business, with an advance it is far easier to gain approval. As approval is primarily dependent upon your business performance, lenders focus far less on your credit score, meaning that a much wider range of businesses are able to qualify. There’s no need to provide a business plan, attend any meetings or make any lengthy phone calls to obtain funding.

Our merchant cash advances for tower fitters work usually advance a capital amount equal to that of your monthly card sales turnover. An agreed percentage, usually around 10%, is then deducted from each of your future card sales to repay the loan.

Each time you process a sale through your merchant card machine, 90% of the revenue from the sale will go into your business bank account and 10% will transfer to the lender to repay the advance.

Qualifying Criteria:

    • Your Towbar / Trailer centre is registered and trading in the UK
    • Trading for a minimum of 6 months
    • Has a minimum monthly turnover of £5,000

When applying for a Merchant Cash Advance, you can expect to receive the funding within 5 – 7 days.

Unsecured Business Loan

Towbar Fitting & Trailer Centre business loans enable business owners to receive a desired amount of money in full, repaying the money in scheduled monthly repayments with interest. Centres owners can access unsecured funding between £5,000 and £300,000, with repayment terms that work within acceptable time limits. Unlike secured loans, our loans are totally unsecured – which means you aren’t required to provide collateral as security for the loan.

We help Towbar & Trailer centres to grow with our alternative unsecured business loans, our aim is to enabled businesses like yours to invest in expansion, cover an unexpected cash flow crisis, move into new premises and invest in new business infrastructure.

Unsecured loans of up to £200,000 are available. That means that even if you don’t have valuable assets, you can still make a significant investment in your business.

If you’ve been trading for 6 months or more, you could get an unsecured loan for use as working capital and asset finance.

What are the advantages of business finance?

There are so many benefits for tower installation centres to choosing unsecured business finance. If your trailer centre needs a quick injection of cash for your business without offering the security of an asset, an unsecured business loan could offer the fast, flexible and easy funding solution you’ve been looking for.

Here are a few pros of unsecured business loans include:

  • Borrow £5,000 up to £300,000 +
  • Does not require any asset security
  • Flexible repayment terms from 6 month to 3 years +
  • Minimal paperwork required
  • Funds can be released quickly after approval
  • Short to medium term lending solution
  • Keep your company assets safe

Quiteria to qualify for business finance

In order to o qualify for an unsecured business finance, your trailer business must have been trading for at least 4 months and have a minimum annual turnover of £10,000.  We also have a number of options open to sole traders too.

Although there no need to offer security for your loan against a personal or company asset, there maybe a requirement to have a good personal and business credit history.

  • Operating for at least 4 months
  • Have a UK bank account
  • Limited company, limited liability partnership (LLP) or sole traders registered in the UK
  • Annual turnover of at least £10,000

If a higher level of funding is required, a personal guarantee may also be requested. Should your situation change and your business fails to repay the loan, the personal guarantor may be required to pay back the remaining balance as per the agreed terms.

Apply For A Towbar Fitting / Trailer Centre Loan

Applying for a Business Loan or Business Cash Advance for your business takes just a matter of minutes, and our dedicated account managers are on hand to help with anything you’re confused about. If you need guidance through the application process, simply make a quick enquiry and someone will assist you to complete it.

Step 1:

Simply click on get a quick quote button to get started. You will be redirected to a page where we will ask for more information about your business:

    • The name of your business
    • Number of years your towbar or trailer centre has been trading
    • Your centre’s average monthly turnover
    • Amount that you feel you would like to borrow

Step 2:

The next step involves disclosing a few of your personal details:

    • Title, first name and surname
    • Your position in the business
    • Contact telephone & email details

Step 3:

Read carefully through the terms and conditions, accept them and click ‘get my quote’. Once we receive your completed application it will be reviewed by our approved business finance suppliers.

Step 4:

Please expect a call and email from one of our dedicated account managers to discuss the terms of your business loan agreement.

Step 5:

Carefully read through the terms of agreement and sign the relevant documentation ready to return to the lender. Funding will be in your business account 24 hours after your application for finance has been approved.

Business Finance Expert at PDQ Funding | + posts

Lee Jones is a seasoned Business Finance Specialist with over two decades of invaluable experience in the financial sector. With a keen eye for market trends and a passion for helping businesses thrive, Lee has become a trusted advisor to countless organizations seeking to navigate the complexities of finance.