Imperial Marques secured the funding boost from BCRS Business Loans and was backed by the now-closed Coronavirus Business Interruption Loan Scheme (CBILS).
The directors of Imperial Marques have combined motor trade experience exceeding 40 years.
Growth capital was required for Imperial Marques to cater for a forecasted increase in sales in the coming months and to employ, train and upskill a new member of staff.
Mark Yarnold, Director at Imperial Marques, said: “The past year has been incredibly challenging due to the disruption caused by the Coronavirus pandemic, exacerbated by many suppliers across the industry removing credit facilities due to the ongoing unpredictability together with the increasing cost associated with sourcing quality stock in a relatively scarce marketplace.
“We are delighted to have secured the funding we require from BCRS Business Loans in order to kickstart growth plans, resuming our original pre-pandemic business plans by increasing the size of our team, investing in professional development and increasing our used vehicle portfolio.
“Imperial Marques is an independently owned and operated business which is proud to be friendly and approachable. There is no hard-sell here. All cars are properly prepared; bringing any scheduled servicing up-to-date, conducting a pre-delivery inspection, a full valet and a meaningful aftersales warranty.”
