Business Loans for Tyre Fitters & Suppliers
Get £3k to £300k in 24 hours*
- Pay back through future card sales
- Unsecured – there’s no worry
- Same day business funding
Quick Decision with No Obligation
Get £3k to £300k in 24 hours*
Quick Decision with No Obligation
Whether you are looking to grow by expanding, going mobile, taking on more fitters or need a cash injection for your tyre supplier centre, a business loan in the form of a merchant cash advance could be the perfect funding solution for you.
Unlock funding from £3,000 up to £300,000 against your customer card sales.
Automatically repay a small percentage when customers purchase by card – There are no fixed payments.
The advance is unsecured, so your business assets are safe.
A quick decision and process mean you can access your money in just 24 hours* after approval.
The cost of the finance is made clear to you upfront. There are no hidden costs, confusing APR’s or other nasty charges.
Apply at any time - We can process your application 24 hours a day.
Quick Decision with No Obligation
If you run a tyre fitting service and are looking to grow your business, a merchant cash advance could be the perfect funding solution to help you. According to the Tyre Industry Federation, the UK has around 3,000 specialist tyre-fitting businesses, with another approximately 20,000 garages who sell and fit tyres alongside their core servicing works. There are also mobile tyre-fitting businesses who are seeing an increase in demand for their services from customers keen not to travel.
Whether you are a car garage or mobile tyre-fitting service, we can help you with your funding requirements. Whether you need the cash for some everyday cash-flow or you need to scale your business with premises alterations, new vehicles or equipment - let's face it tyre changers, and tyre-changing equipment are not cheap items. Even leasing equipment could cost your business more in the long term. We can help with finance when you are looking to buy tyre changing equipment from the likes of Hofmann Megaplan, Atlas, Redback/Unite equipment, Dunlop, Bradbury and many more.
Simply apply, and our team will respond within the hour.
Apply NowQuick Decision with No Obligation
Your business takes card payments from customers for tyre changing services, whether from a debit or credit card. Any sales that go through your merchant terminal or payment gateway are considered. Let's also say, for example, you turnover £10,000 per month on card sales alone, then you could be eligible for an advance equal to that amount - sometimes more.
When you have a quiet month, you pay back less, and in a good month, you pay it back quicker. It's a straightforward, fair way to borrow for your business. Unlike a traditional bank loan, no fixed amount is taken from you each month. It doesn't apply to your cash sales; these are not taken into account. A business loan for your tyre business using a merchant cash advance is a truly flexible finance option.
It is an unsecured form of borrowing (meaning you don't have to offer security such as your home or other assets) and, unlike a bank, has no APR.
Repayments are made each time you make a sale from a customer's credit card. A percentage of a sale is agreed upon with the lender. For example, your repayment percentage is set at 10%. Let's say a sale of two tyres comes to £100. Therefore £10 (10%) is repaid to the lender, and you keep £90. This happens as the sale is processed through your card terminal until the loan is repaid.
No. The loan is unsecured, which basically means the loan is not locked against your commercial or residential property – or anything else for that matter. All you need is a couple of months of trading history and card sales to get same-day decision.
No. The great benefit of an advance is that you do not need to submit a business plan with your application. This saves you time and ultimately speeds up the lending process.
To find out if your business is eligible and how much you can borrow, complete our online application form with your details and we'll be in touch!
Quick Decision with No Obligation
"We have helped many tyre fitters across the UK receive funding to grow"
£20+ Million
Total Funded to Businesses
90%
Application Approval Rate
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.
Apply online for a cash advance from £3,000 up to £300,000 for any business purpose.
The merchant cash advance can be with you in as little as 24 hours* after approval.
You simply pay back a small percentage of your future card sales as they happen. You only repay when you sell.
Quick Decision with No Obligation
