Logbook Loans Paid Out The Same Day


Logbook Loans For Business

If you are a sole trader or small business owner struggling to get a loan why not consider using your works van or company vehicle as security for a same day logbook loan?

Logbook loans are especially tailored to the self-employed and small business owners where the car, van or commercial vehicle is registered in your name. The money borrowed can be used for most purposes and whilst we will always check that you can afford the loan repayments you don’t have to produce fully audited business accounts.

Will My Company’s Vehicle Qualify?

The vehicle being used as security must be registered to the person taking out the loan which is why most business logbook loans are taken out by sole traders and self-employed people whose vehicle is registered in their own name rather than to a company name. If the vehicle is registered to a company name we may still be able to provide a loan, but the company name must be the same as the person securing the loan  i.e. if John Smith’s vehicle is registered to “John Smith Plumbing Ltd” we may still be able to help because his name appears in the company name.

The vehicle must be taxed, MOT’d and insured and be free (or nearly free) from finance to secure a logbook loan for your business and you must be a resident of England, Wales or Northern Ireland and aged 18 or over.

How Much Can We Lend Your Business?

You can borrow from £500 up to £25,000. We are able to lend a percentage of the vehicle’s trade value which means that your vehicle must be worth at least £1000 in order to qualify for our minimum business loan of £500.

LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. YOUR VEHICLE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR LOGBOOK LOAN.

 

Get your free quote today

 


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