Metro Bank, the revolution in British banking, has announced it provided Auto Capital, the UK’s leading supplier of used commercial vehicles, with over £9 million of funding, to help grow its business.
With the new debt facility, Auto Capital has been able to acquire new premises, becoming London’s largest indoor van showroom, with over 300 vehicles available in its new North London site.
Working capital facilities were also provided to support its day-to-day business operations and to help finance new stock.
Mark Stokes, Managing Director Commercial Banking at Metro Bank said: “We’re absolutely delighted to have helped Auto Capital with the purchase of its new premises in Stanmore. Since it launched in 2007, Auto Capital has made its mark as a strong-performing trading business, providing quality commercial vehicles across the UK. We look forward to assisting with their continued growth over the years to come.”
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Sulieman Adam, Founder and Managing Director at Auto Capital added: “Metro Bank has been key to our success, they have provided us with an unparalleled level of service and convenience. The team has been highly professional and offered us flexible terms and rates that very few banks can compete with. The best thing about working with Metro Bank is the support you receive from the team, who truly want to help you achieve your goals. We’re excited to strengthen our relationship with Metro Bank and work on even more projects in the future.”
As well as used commercial vehicles, Auto Capital also offers financing, GAP and MOT insurance, road side assistance and vehicle accessories.
Metro Bank offers tailored commercial banking services, including a common-sense approach to lending and cash management solutions. Customers are supported by a dedicated team of relationship managers, who provide expert and industry-specific guidance. The Large Commercial team is an experienced corporate lender, providing finance solutions through a broad range of bespoke products.