MotoGP is just around the bend, and we hope you’re looking forward too it! As Motorbike finance specialists, we definitely are! Whether you’re watching from the front line of Silverstone or the comfort of your home, we’re sure it will be more than worth the watch.
As one of the most exhilarating races in motorsport, we wanted to remind you that Moorgate Motorsport Finance can help to support any businesses who run their operations on 2-wheels.
Based just a few miles away from the MotoGP action at Silverstone, Moorgate Finance specialise in Motorsport Finance and have a team dedicated to the industry.
We know that securing finance for motorsport activities and vehicles can historically be more of a challenge, but not anymore! Our specialists have all the knowledge, expertise and lender relationships you need to make the investments or purchases your motorsport business needs, with a panel of over 70 lenders.
Whether it’s buying a new bike for the track or boosting your business cash flow for a healthier balance sheet, we can support you with a range of finance. Let’s explore your options a bit further…
Motorbike Finance: Asset Finance
If you’re looking to buy an asset for your motorsport business but don’t want to take a chunk out of your working capital, asset finance can be a great solution. It’s typically attractive to those who want to progress their growth plans towards the finish line but don’t necessarily have the large sum of cash ready, like using motorbike finance to purchase your next race-winning bike.
Asset Finance can also help you to purchase assets like workshop equipment, leathers, helmets and even refinance assets on existing agreements.
Motorbike Finance: Business Loans
These are often the first thing businesses think of when they think of finance. Business loans are designed to provide funding to help your business grow and thrive, and funds can be used for a range of purposes.
There are two types of business loan you can apply for; unsecured or secured.
An unsecured business loan does not require security over assets or property, so they are great for businesses that do not own many assets and would prefer not to offer security.
Secured business loans are backed up by security, usually an asset that is owned by the business like a vehicle, workshop machinery or commercial property. These types of loans are suited to businesses looking for a large loan more than £500,000.
Motorbike Finance: VAT Funding
If the thought of paying your VAT bill sucks the air out of your tyres, then a VAT loan could be a great source of finance for your business. A VAT loan typically spreads the cost over a period of 3 months to improve your cash flow and release funds back into the business.
If any of these motorbike finance options sound like something that could help your business, then grab your leathers and apply now with a free, no-obligation quote that won’t affect your credit rating.