Keeping an automotive repair business running smoothly sometimes requires more funding than you have available. The nature of your business requires you to have enough cash to stock the right parts, equipment and supplies, which are essential in providing excellent, timely service to your customers.
Like a car, your automotive repair business needs just the right product to make it run smoothly. Your ideal solution is a loan that is quick and does not demand collateral, excellent credit, or put your success at risk if you experience a temporary slump in business.
What are the best business loan options for auto repair shops?
- Merchant cash advance. A merchant cash advance is a one-time loan that you repay using a percentage of your daily sales.
- Equipment financing.
- Invoice factoring.
- SBA loans.
- Business line of credit.
- General purpose business loans.
Are you looking for a business loan for your automotive business? call First Down Funding today.
This post was written by PTPGLOBAL