An asset finance specialist is moving up the grid as a front-runner in motorsport finance.
Ahead of its third season as a sponsor of the MINI Challenge, Credo Asset Finance was encouraged by winning new business and interest at the Autosport International Show at NEC Birmingham.
It is the second year Credo, which recently expanded to new premises in Delft Way in Norwich, has been to Europe’s largest motorsport show and it highlighted how it is making its mark in financing motorsport teams.
Credo Motorsport Finance, a subsidiary of Credo Asset Finance, can access funds from many of the country’s biggest, most competitive finance houses and banks to fund everything from buying a race car or bike, trailer or transporter, specialist pit equipment or even motorhomes for race meetings.
Credo also partners Excler8 Motorsport in the British Touring Car Championship and Virtuosi Racing’s two F2 cars.
Marketing manager Fran Brown said: “People want to speak to us and realise we have something really good to offer them. We are now accepted as a source of finance in motorsport.”
She explained that many traditional lenders saw motorsport as a risky investment.
“People are very passionate about motorsport and getting their car on track. It is all about funding that passion,” she said.
“Because we are also at the circuits during the season, we are not just hiding behind a desk – we are actively sharing in their motorsport passion.”
Credo can also finance road cars for teams and individuals as well as source funding for personal or business requirements.
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