Business Loans For Garages

Looking to grow your business? Or just need a little extra working capital to keep your business moving? 

Our small business loans are available between £5,000 – £500,000 for almost any purpose.

We’re not a bank. Our lending criteria is different, and we look at more than just your credit profile.

Check your eligibility online in just two minutes, with no impact on your credit score, and you could receive your funds in as little as 24 hours.

How does the business loan work?

Unlike a traditional loan, Capify’s is paid back in very small amounts regularly. The repayments are completely automated so you don’t need to do anything. Many business owners love our regular payments, because they don’t have to save a large amount by a fixed date each month.

To be eligible for a business loan, you'll need to:

The benefits of a Capify business loan

Everything a small business needs to know about raising finance and paying it back

Are you a mechanic with big plans? Capify can help you raise cash to buy faster equipment, refit your workspaces, and offer quality training to your staff.

You’ve always got a lot on your plate, so you need to work with a loan company that can help you save time and get exactly what you need. Capify loans for garages are fast, efficient, and super affordable.

The Merchant Cash Advance and Business Loan have easy, flexible repayments. Regular payments will automatically come out of your takings as a small percentage, or as a percentage of your customer card payments. You’ll be able to pay off your debt and manage your cash flow at the same time.

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The latest garage and mechanic stats

The UK is a nation of motorists, and we all need garages to keep our engines running smoothly. This is what the industry looks like for you (and your competitors)!

  • Car maintenance and repair is a £27.5 billion business in the UK, employing 212,582 people.
  • It’s predicted there’ll be 21,565 garages in the UK by 2020. That’s consistent with 2014’s figures.
  • There are 125% more female mechanics now compared to 2011 – making up 10% of the whole workforce.
  • Dealerships charge 40% more on average than independent garages like yours, and 3 in 5 customers don’t look around for more affordable servicing.

Who are garage loans for? You!

Any kind of garage owner could benefit from a Capify loan or Merchant Cash Advance. It doesn’t matter what manufacturer you specialise in, if you’ve been trading for 6-12 months+ you could get simple, fast finance.

Most importantly, a garage loan would suit a business with big plans for growth and development. That includes smarter technology, skills training for your team, and essential stock.

Get more motorists through the door

Your customers are looking for speed and a job well done, so it’s important to give them the best service at the best prices. Give them that, and they’ll be back every year when their MOT or servicing is due! If you need cash to make that happen, we can help you get started.

Whatever you want your garage to be better at – more skilled, a specialist in a specific make, or a smoother, more luxurious experience – you can make it a reality with a business loan.


Different types of garage finance

There are all kinds of loans out there, and some suit different businesses with different needs. Capify offers business loans and finance options designed specifically for garages and mechanics just like yours.

You’ll need to put down some high value equipment or property to get approved. This will pay off some or all of the loan if you can’t.

You’re free to apply without putting down any security.

Garages can use a very clever business finance model – the Merchant Cash Advance. Your business will get its lump sum of cash, and then repay it through a percentage of your customers’ debit and credit card payments. Every time someone pays for their MOT, you’ll be closer to paying it off.

There could be grants available for some garages and mechanics, particularly if you want to use your cash to improve and diversify employment in your local area. You could also look at overdrafts, credit cards, and asset finance. Interest rates can be high though, so always check the details before you sign up.

How garages can use their finance

Garages are always working hard to impress every new customer so they keep coming back, as well as keeping their overheads stay manageable. With a loan or Merchant Cash Advance, you can invest in whatever your business needs to become bigger and better. 


Develop your workspace so you can service more vehicles, create more storage space, or make the most of the space you have.

Customers like easy booking. Software and clever new technology can help you develop an easy online service, or make customer communication even more efficient. 

Spread the world and encourage brand new customers to pay you a visit. Capify can help pay for offline and online advertising that really makes an impact. 

Business finance can give your garage business the cash it needs, helping you to make big, important changes.

Spread the world and encourage brand new customers to pay you a visit. Capify can help pay for offline and online advertising that really makes an impact. 

Business finance can give your garage business the cash it needs, helping you to make big, important changes.

Getting your garage ready for funding

Before you apply for finance, there are a few things to tick off.

Decide what you want to fund. Borrow the right amount and keep it affordable.

Check your credit score. Capify helps all kinds of businesses raise finance. If your credit score is lower than you’d like, we could still help!

Get your paperwork ready. This will speed up your application and get it approved faster.
Look for a loan company you want to work with. 
Choose a company that will work with your business, instead of against it.

Fixed or flexible repayments?

It’s up to you to decide whether you want to keep payments the same, or make them flexible.

With a fixed monthly payment, you’ll know exactly what you’re paying every month. Garages can often experience some seasonal differences though, so big, regular payments might not be affordable 12 months of the year.

Flexible repayments go up or down as your business earns cash. If November and December mean loads of winter car checks, but January’s a bit on the slow side, you’ll know you can repay less during the quiet periods and more when you can afford it.


Loans for garages with less than perfect credit

Missed a few payments in the past? It doesn’t mean you can’t get an affordable loan.

Capify is a flexible lender. Our small business loan can work for garages and mechanics with all kinds of credit records, even if they have a few blips. To find out if you’ll be eligible, just get in touch with one of our helpful advisers.

In a hurry? Get finance fast

Keen to get the new equipment installed ASAP? Your business needs cash!

Capify can usually make sure your funds sorted in a few days of your application getting a thumbs up. You’ll be able to buy new stock, fund renovations, and more with no delays.

Short term or long term finance?

If you want to pay off your business loan as soon as you can, a short term loan could work for you. Long term finance gives you longer to repay, but you’ll have to deal with the debt no matter how profitable you are.

Short term repayments will be sorted during the busy times of year, so slower periods could be debt-free!

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