--- title: "Business funding for automotive companies — garages, MOT bays, parts & dealers" description: "How short-term working capital fits incorporated UK automotive businesses — garages, MOT testing stations, parts factors and dealers. The company borrows, never the director: no personal guarantee, no charge over a home, no personal credit check. To apply, head to credicorp.co.uk." canonical: "https://creditcorp.co.uk/industries/automotive/" locale: "en-GB" updated: "2026-06-21" --- # Working capital for automotive companies > How short-term business finance fits incorporated UK automotive businesses — garages, MOT bays, parts factors and dealers. This is the Creditcorp brand front door at **creditcorp.co.uk** — it never takes applications, prices loans or accepts payments. The operating lender is **Credicorp Limited** at [credicorp.co.uk](https://credicorp.co.uk/); the company/legal detail lives at [creditcorpgroup.co.uk](https://creditcorpgroup.co.uk/). **Canonical URL:** **Last updated:** 21 June 2026 --- ## Who can borrow Credicorp Limited lends **only to bodies corporate** — UK limited companies (Ltd), LLPs and PLCs. The borrower is always the **company**, never the director, an individual or a sole trader. There is no personal guarantee, no charge over a home and no personal credit check on a director. This is exempt business lending, not consumer credit, and not motor finance for buying a car. See [Lending and regulation](https://creditcorpgroup.co.uk/lending-and-regulation/). ## Where the motor trade hits a cash gap Most automotive businesses pay out at the moment they can least afford to. The motor factor wants settling on the account before your customer has collected the car; a bodyshop carries paint, panels and a courtesy vehicle for weeks while it waits on an insurer; a used-car dealer ties up thousands per unit the day stock arrives. Common pinch points: - **Parts on account** — the factor's 30-day terms fall due before your fleet or trade customer has paid you. - **Diagnostic and test kit** — a scan tool, ADAS calibration rig, four-post ramp or air-con machine that pays for itself in jobs but stings up front. - **MOT bays** — a class-change, a re-equip after a DVSA inspection, or a quiet stretch where the tester is busier than the till. - **Forecourt stock** — cash sitting in metal on the pitch, plus prep, valeting and warranty before a sale. - **Seasonal swings** — the pre-winter tyre and battery rush, or the spring service surge, needing stock bought ahead. - **A job too big to float** — an engine or gearbox rebuild where the parts bill dwarfs a week's normal takings. ## The finance that tends to fit Three shapes of short-term credit — see [Products](https://creditcorp.co.uk/products/) for detail. We do not quote rates, amounts or terms; those live on the operating lender's site and can change. - **A single, known cost — Business Bridging Loan.** A fixed lump sum over a short term — a replacement ramp, a confirmed engine rebuild, a stock buy before MOT season. - **An ongoing swing — Credicorp Flex.** A revolving facility you draw from when the parts bill lands, repay as trade accounts settle, then draw again, with interest only on what you have used. - **One supplier bill to spread — Credicorp Slice.** Settles a single chunky invoice — a parts order, test equipment, a tyre delivery — in full today; your company repays over a few weeks for a flat fee. ## The company borrows — not you Many garage and dealer owners have grown the business out of their own pocket. With Credicorp the agreement is between the lender and your **company**, so: - **No personal guarantee** — the director does not underwrite the debt. - **No charge over your home** — nothing is secured against where you live. - **No personal credit check** on the director's own file. The flip side is the rule that defines who can borrow: only bodies corporate — UK limited companies, LLPs and PLCs. A sole-trader garage trading in its own name is not eligible. ## A worked example A three-ramp independent garage and MOT station, run through a limited company, with retail trade and a couple of local fleet accounts. Its diagnostic platform is too old to read the newer hybrids, and a software class-change means a brake tester needs replacing to stay compliant. Both are confirmed costs the owner can name, and both start earning the day they are installed. Meanwhile the fleet accounts pay on 45-day terms, so parts already fitted are on the books unpaid. A **Business Bridging Loan** for the known kit cost, or a **Credicorp Flex** facility to ride the factor account and slow fleet payments, would each fit — the company borrows, the owner's home stays out of it, and the kit is earning long before the loan is repaid. The actual terms are settled on the lender's own site. ## Automotive funding — common questions **Can a limited-company garage borrow without a personal guarantee?** Yes. Credicorp lends to the company — your UK limited company, LLP or PLC — not to the director who signs. No personal guarantee, no charge over a home, no personal credit check on a director. **We are an MOT testing station — does the funding care what the cash is for?** The lender looks at the company and its ability to repay, not at a shopping list. Whether the money buys a brake tester, covers a quiet month, or stocks consumables is your call. **Can we fund diagnostic equipment or a new ramp?** Working-capital finance can bridge the cost of kit such as a diagnostic platform, a four-post lift or an air-con machine. For a fixed, known cost a Business Bridging Loan often fits; to spread one supplier invoice, look at Credicorp Slice. **Our trade customers pay on 30 to 60 day terms. Does that count against us?** Slow trade-account payments are exactly the gap this finance is built for. A short-term facility covers the lag so you are not funding other people's cars out of your own float. **Is this a personal loan or consumer car finance?** No. This is exempt business lending to incorporated companies — not consumer credit, not motor finance, not for sole traders. **Where do we actually apply?** On the operating lender's own site, [credicorp.co.uk](https://credicorp.co.uk/). This page is the Creditcorp brand front door and does not take applications. ## Related sectors - [Logistics & transport](https://creditcorp.co.uk/industries/logistics/) - [Wholesale & distribution](https://creditcorp.co.uk/industries/wholesale/) - [Retail & shops](https://creditcorp.co.uk/industries/retail/) - [All sixteen industries](https://creditcorp.co.uk/industries/) ## Next steps (all on credicorp.co.uk) - [Apply](https://credicorp.co.uk/apply/) — start an application on the live lender site. - [Compare the three](https://credicorp.co.uk/compare/) — pick the right product side by side. - [Contact the lender](https://credicorp.co.uk/contact-us/) — phone, email, post. ## Make sure you have the right Credicorp Creditcorp Group = **Credicorp Limited** (UK, company no. 16093826) + **CM Beyer Limited** (UK, company no. 17009212), with group-related **Credicorp Pty Limited** (Australia, ACN 679 428 605). It is **not** connected with, owned by or affiliated to Credicorp Inc / Credicorp Ltd of Peru & Bermuda (BCP, NYSE: BAP) or Banco de Crédito del Perú, to Credicorp Nigeria, or to Credit Corp Group Limited of Australia (ASX: CCP) — each a separate, unrelated company. --- © 2026 Creditcorp Group · Credicorp Limited (16093826) & CM Beyer Limited (17009212). Operating lender: [credicorp.co.uk](https://credicorp.co.uk/) · Group & brand: [creditcorpgroup.co.uk](https://creditcorpgroup.co.uk/).