We know all the routes to take to get you the best loan. United Capital Source specializes in working with auto repair shops and car dealerships, largely because we are capable of solving multiple types of problems with multiple types of small business loans.
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Helping Small Businesses Grow. Repair Shop Loans provides auto repair shops, body shops, transmission shops, brake shops, and many others with the capital they need to succeed. We are not a leasing company, we are not a merchant cash advance company. Instead, we base our decisions on cash flow, not just credit scores like so many other finance companies. We offer same day funding in many cases.
Some auto repair loans are also known as "car title loans" because a vehicle’s value is used to secure the loan. That means the total value of the vehicle can determine the amount of cash a lender will let you borrow. As soon as the loan is approved, you can get access to the funds and begin the necessary repairs.
How Online Business Loans Can Jumpstart Sales for Auto Repair Shops Most of us have needed a boost at one point in time – something mechanics know all too well. Similarly, most small business owners find themselves in need of capital every now and then and the auto industry is no exception.
How To Get Automotive Repair Shop Financing & Small Business Loan – YouTube – Automotive repair shop small business loans are extremely hard to get from the bank these days. Generally when you apply for a auto repair shop business loan Generally when you apply for a auto.
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Bank term loans and lines of credit offer auto repair shop owners with an established, profitable business, and have exceptional credit, your best financing options. With rates starting at 5%, and terms between 1-10 years, a traditional bank loan is the most desired of all commercial financing options.
Live Oak Bank assembled. to establish a strong business. “The automotive industry is one of the largest in the U.S., yet owners of auto repair businesses may struggle to find financing options to.
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This kind of crowdfunding came much closer to becoming a reality when President Obama signed the Jumpstart Our Business. seeking small sums-less than $100,000. The goal is for the undercapitalized.