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We are an independent provider of unit stocking facilities, which means that we have no ties with a bank and have no requirement for you to provide us with retail business.
We are able to consider all businesses, whether you have just started trading and require support to get up and running or are a well-established business looking for additional funding or have growth plans. Our tailored approach allows us to support you and your business regardless at which stage of your business journey you are at
We operate on a fixed rate model, whereby you are invoiced monthly in advance for the facility that is set in line with the limit you have
There are no additional fees for audits etc unlike many of other lenders.
Loading fees are charged, but these are added to each vehicle loan and paid once the vehicle is sold, so you do not get multiple, or variable fees each month.
There is an arrangement fee which is charged at point of setup and if any increases are required during the life of the facility.
Vehicles are funded initially for 90 days but can be extended if required (this will incur a restocking fee) up to a total maximum of 225 days.
We are able to pay your supplier directly for the vehicle, or offer you a traditional reimbursement model, whichever suits your business best. This can be tailored throughout the lifecycle of your facility and can flex between each option depending on the circumstance of each vehicle you purchase and look to load.
Payments for funded vehicles are made same day, so no need to wait for 2-3 days for payment to be processed via BACS (which is the most common method in the marketplace).
Fees are taken via DD following an invoice being issued to you, and vehicle settlements are to be made via same day payment, but as above, a replacement vehicle can be loaded in its place immediately with payment hitting your account same day, therefore ensuring your cashflow is not impacted.
Once you are onboard, you will receive a Welcome Pack in the post that explains the terms of your facility as well as information on other aspects of your business that we may be able to assist you with.
" I provide Forecourt Funding with strategic support as a Non-Executive Director (NED). My role supports and oversees, Business Growth, Operational Delivery, Regulatory Conduct, which includes Board Contribution."
Chris Thornton-Dees
All dealers get access to our bespoke Dealer Portal. Through your private login you can access your ledger and view your availability and see which vehicles are currently funded. You can also access your statements, invoices and reports at your convenience.
The facility is flexible and as long as we can verify the purchase price, obtain an independent valuation and register our interest as security we are able to consider any vehicle.
The limits offered are subject to our credit assessment, however our limits typically range from £25k-£200k
We endeavour to carry out an initial assessment of all submissions within 48 hours of receipt. If we are unable to deliver to this timeframe we look to provide you with an indication of turnaround times within 48 hours of receipt
We operate on a fixed monthly fee for the facility that is set in line with the facility limit. We do not charge extras for audits, so each month you know what the cost will be which is invoiced monthly in advance
We try to be as flexible as possible in our offering and if our standard terms are not suitable, these will be discussed at point of application to see how we can support your business.
If accepted a facility limit is set. You are then able to fund individual vehicles up to 100% of cost price, with a total exposure being equal to the limit offered. Vehicles can either be funded on a standard reimbursement basis (i.e. you have purchased a vehicle outright and looking to release equity) or we are able to pay the supplier for the vehicle on your behalf. We take title to the vehicle, and it remains on funding until sold (subject to t&c’s). Payments are made same day so no need to wait a few days to receive payment into your bank. Once you have sold the vehicle you will need to settle and pay us back the advance which will enable you to load on a new vehicle to ensure your cash flow is not impacted. Regular audits are conducted to verify stock against your ledger and our friendly team are always available to call should you require any support or assistance.