The garage was looking to expand its operations by opening a new MOT centre, but they faced several challenges in ensuring the new division would be successful. They needed to invest in marketing to promote the new service and raise awareness within the local community. Additionally, they required funding to hire two new employees to meet the increased demand and maintain the quality of service at the new MOT centre. Without sufficient funding, these key initiatives would not have been possible.

We provided £75,000 unsecured loan over a 5-year term. This solution allowed the garage to meet their needs effectively:

• Marketing investment: The funding allowed the garage to launch an effective marketing campaign to promote the new MOT service to local customers.

• Staffing support: The funds were used to hire two new employees, ensuring that the MOT centre could handle the increase in customer volume while maintaining quality service.

• Flexible repayment terms: The 5-year repayment term allowed the business to spread the cost of the loan over a manageable period, without putting undue strain on its finances.

The MOT centre successfully launched, attracting new customers and becoming a valuable part of the garage's service offerings. The marketing campaign raised awareness of the new division, and the new hires allowed the garage to meet demand without compromising service quality. Overall, the expansion was a success, and the garage saw growth in both revenue and customer satisfaction.