Easy Business Loan For An Auto Repair Shop
A good Auto Repair Mechanic is worth their weight in gold, and are essential for anyone that drives a car. But what do they do when the thing that needs to be fixed is their cashflow situation? Being able to get an easy business loan for an auto repair shop can help these Business Owners cover any unexpected expenses, and continue helping the rest of us.
When an unexpected expense occurs, Auto Repair Shop Business Owners need to be able to access capital quickly. Traditional financing can often take weeks, sometimes even months, to get approved for. So, there has to be another option.
Fortunately, there are Lenders that specialize in offering an easy Auto Repair Shop business loans. Even for those Business Owners that have bad or challenged credit.
Multiple Loan Options Available
Working Capital
A Business Working Capital Loan is a short-term, revenue based loan that is a great option for Business Owners that have bad or challenged credit.
Term Loans
A Business Term Loan typically has a fixed funding amount, with fixed terms, and can be used for any number of business expenses.
Line of Credit
A Business Line of Credit, is a revolving credit line for your business. Like a typical line of credit, you can pull from the credit line as-needed.
Every Auto Repair Shop has it’s own unique challenges and opportunities. Depending on your situation, one of these same day business funding programs will work best for your situation.
Compare Loan Options
What Expenses Can The Money Be Used For?
You can use your easy business loan for an Auto Repair Shop on any business related expenses. You know your business best, you decide how to use the money.
Common uses for an Auto Repair Business Loan include:
- Shop Equipment
- Payroll & Insurance
- Marketing Budget
- Business Expansion
- Taxes
- Materials
How To Get Approved For An Easy Business Loan For An Auto Repair Shop
These business loans are designed to help all types of Auto Repair Shops. As long as you meet the following criteria, you are eligible to apply:
- 3 Months Time In Business
- Minimum Of $10k In Monthly Revenue
The application process is simple, and requires very minimal documentation to get approved. You just need to complete an easy online application, and provide recent bank statements to verify the revenue.
Once approved, choose the business loan that works best for your Auto Repair Shop, and get funded today.
