Garage Business Loans
Get up to £6000 funding within 24-48 hours
Need fast, flexible funding for your UK garage business? A Merchant Cash Advance is the perfect solution to upgrade equipment, hire staff, and manage day-to-day expenses without hassle.
- Low Interest
- Low deduction
- Maximum time
- Multiple loan positions
Types of Business Loans
Choosing the right loan for your garage business can make all the difference. Here are five popular funding options tailored for garages:
1. Merchant Cash Advance (MCA)
Get a cash boost upfront based on your future card sales. Repayments are taken as a percentage of daily transactions, so you only pay back more when business is booming and less during quiet periods.
2. Term Loans
Perfect for major investments like expanding your garage or upgrading facilities. These come with fixed monthly payments, ideal for those who like structured plans.
3. Equipment Financing
Need new tools, diagnostic machines, or a vehicle lift? Equipment financing lets you spread the cost over time with predictable monthly repayments.
4. Business Lines of Credit
Dip into a flexible pot of funds whenever you need it. You’ll only pay interest on the amount you use, making it great for covering emergencies or unexpected bills.
5. Short-Term Loans
Fast funding with fixed repayment schedules over a short duration. Ideal for covering immediate expenses or taking advantage of business opportunities.
Comparison Table: Types of Restaurant Loans
Loan Type | Funding Speed | Collateral Needed | Repayment Terms | Best For |
Merchant Cash Advance (MCA) | 24–48 hours | No | % of daily card sales | Seasonal or fluctuating income |
Term Loans | Weeks/months | Yes | Fixed monthly payments | Long-term projects |
Equipment Financing | 2–7 days | Yes | Fixed payments (short-term) | Buying garage equipment |
Business Lines of Credit | Same day–1 week | Sometimes | Pay as you use | Emergencies or cash flow gaps |
Short-Term Loans | 24–72 hours | Sometimes | Fixed payments (short-term) | Immediate expenses |
What is Merchant Cash Advance?
A Merchant Cash Advance is a funding solution designed for businesses that accept card payments. It gives you a lump sum upfront, and repayments are automatically deducted as a small percentage of your daily card sales. It’s a flexible option for garage owners, especially during quieter months, as there are no fixed repayments or hidden fees.
How MCA Works?
With a Merchant Cash Advance, you get cash upfront based on your monthly card sales. If business is thriving, you pay back more; during slower times, you pay back less. It’s a simple, no-fuss way to manage cash flow, especially for garages that deal with seasonal income fluctuations.
Benefits of Merchant Cash Advances for Garages
Repay as You Earn
With an MCA, repayments are linked to your card sales. No set monthly payments, no stress just repayments that work with your cash flow.
Fast Access to Funds
Once approved, you’ll have access to £3,000 to £300,000 in as little as 24–48 hours. Ideal for seizing opportunities or managing unexpected expenses.
No Collateral Needed
You don’t need to risk your tools, vehicles, or premises. Approval is based on your sales, not your assets or credit history.
Keep Your Cash
Only card payments are used for repayment, meaning your cash payments stay in your pocket to cover other running costs.
Works with Your Card Machine
Make sure your garage is based in the UK, has been trading for at least three months, and processes card payments regularly through your PDQ machine.
No Hidden Fees
All costs are clearly outlined upfront. You’ll know exactly what you’re paying, with no hidden charges, confusing APRs, or surprises.
Apply Anytime
Submit your application online 24/7. With a quick and straightforward process, you can apply at your convenience and get a decision in hours.
How to Apply for a Restaurant Loan
Applying for a restaurant loan with PaymentSave is quick, straightforward, and designed to get you the funds you need with minimal hassle. Follow these simple steps to secure funding:
Flexible Funding Solutions for Garages in the UK
Garages are crucial for keeping the UK on the move, whether you’re running a small repair shop or a busy MOT centre. With so many cars on the road, there’s always work to do, but staying ahead of the competition means investing in your business with new tools, better equipment, and great customer service.
Merchant Cash Advances (MCAs) offer a simple and flexible way to get the funding you need. Instead of fixed monthly payments, you repay a small percentage of your daily card sales. When business is busy, you pay more; when it’s quieter, you pay less. It’s as easy as that.
At Paymentsave, we make it straightforward. You can get funding between £3,000 and £300,000 in just 24–48 hours, with no collateral required and no hidden fees. Whether you’re upgrading equipment, hiring staff, or covering an unexpected expense, we’re here to help your garage thrive.
It’s flexible, hassle-free funding that works with your business, so you can keep your customers happy and their cars running smoothly.
FAQs About Merchant Cash Advances for Garages
You can borrow up to 150% of your average monthly card sales. For example, if your garage processes £10,000 in card payments each month, you could borrow up to £15,000.
Repayments are flexible and tied to your daily card sales. You’ll repay more during busy months and less during quieter times.
Yes! As long as your garage has been trading for at least three months and has consistent card sales, you’re eligible.
Costs are based on a transparent factor rate with no hidden fees. You’ll know exactly what you’re paying upfront
Get a Merchant Cash Advance quote today
- Low Interest
- Low deduction
- Maximum time
