Dealers are leaning on Covid-19 recovery loans and overdrafts to keep their forecourts stocked according to the latest sentiment survey from our colleagues in NextGear Capital.

NextGear Capital lockdown funding trends
Their research has revealed 13% of dealers have used the Bounce Back Loan Scheme or Coronavirus Business Interruption Loan Scheme to stock up their forecourts, while 22% have used an overdraft facility.

NextGear Capital has approved customer requests for an additional £27m since 1st June, while it funded some 10,000 vehicles worth £82m during lockdown itself.

Read the press release on NextGear Capital's website