A Manchester-based motorsport company approached Moorgate Finance ahead of their upcoming GB3 season, looking to refinance and free up cash flow to support their ambitious expansion plans.
The Highlights
✅ £50,000 refinanced against an existing GB3 car
✅ Funds released within a week of the enquiry
✅ Better rate secured than a competing offer
✅ Improved cash flow ahead of the new racing seasonThe Challenge
The team was preparing for a busy season, investing heavily in new parts and car builds. With most of their funds already committed to expansion, they needed quick access to additional capital to keep projects moving. They’d spoken with another broker but weren’t satisfied with the pricing or turnaround time. With deadlines approaching, finding a fast and cost-effective solution became a priority.
The Solution
Moorgate Finance refinanced £50,000 against one of the company’s existing GB3 cars over a three-year term. The process moved quickly, from initial enquiry on a Monday to payout within the same week. This provided the team with the liquidity they needed to cover immediate costs without interrupting their plans. Moorgate also secured a better rate than the competing broker, reducing overall costs while keeping the process straightforward from start to finish.