Motor Body Repair Finance

Motor Body Repair Finance
AAF provides bridging finance to the Motor Body Repair (MBR) industry. The products provides cash to the MBR whenever an approved insurer appoints them to carry out the repairs as a result of an insurance claim.

Who can apply?

  • Any Motor Body Repairer that provides a repair service on behalf of an Insurance company and
  • Is on the approved Panel beaters panel of any major Insurance company

How do you qualify?

  • Initial facility (pre-clearance facility)
    • To qualify for an initial facility, a balance sheet evaluation of the company is performed
  • Final facility (post-clearance facility)
    • No balance sheet evaluation is done
    • Only FICA documentation is required

What are the advantages?

  • Immediate cash is available to pay for parts and paint and to negotiate a better settlement discount
  • Better cash flow will result in
    • More work can be taken on
    • Fewer delays on the agreed turnaround time of repairs
    • Fund future growth
    • Ensure better customer service

 

Motor Body Repair Finance Brochure

Download Motor Body Repair Finance pdf

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