Auto repair shops are among the very few businesses with almost no risk of becoming irrelevant or losing traction. People will always need to get around, which creates a steady stream of demand. You can reap the full benefit of this demand as long as you have enough cash to serve your customers and cover […]
Auto Repair Business Loans
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Much like any working professional, business leaders must continuously adapt to maintain success. They must develop new strategies or tools with at least one central goal: improving cash flow. This isn’t always as simple as acquiring new equipment or hiring more workers. Sometimes, the changes have to take place on a deeper level and may […]
Auto repair shops must evolve in order to survive in an increasingly competitive market. This can be done in a number of ways, so it’s up to the business owner to decide which strategy makes the most sense. Thankfully, the more forward-thinking members of the business financing industry have noticed that strategy has become more […]
Alternative business lenders have become much more popular over the past decade or so. But, compared to traditional lending institutions, companies like United Capital Source are still very much the new kids on the block. When the average person envisions taking out a small business loan, the requirements and terms that first come to mind […]
A common dilemma for small businesses is needing new equipment but not having enough cash to buy it. This leaves you with two options: equipment leasing and equipment financing. Before explaining the differences between the two, let’s re-define the second term so it is easier to understand. Equipment financing is simply another way to refer […]
If you were asked to name a business that does a lot of credit or debit card sales, your first answer would likely be a restaurant or retail store. These businesses conduct many sales on a daily basis, and would therefore be perfect candidates for a merchant cash advance. This is a type of working […]
Auto repair shops are by definition, faced with a fairly common but highly-stressful financial dilemma: They must maintain a budget to cover rising expenses throughout the year while spending a great deal of money on projects that allow them to stay competitive and evolve. You could even say that cash flow problems are merely an indication of a healthy, up-to-date auto repair shop constantly looking to build clientele.
In the “old days,” if your small business needed a loan but had bad credit, you were out of luck. Banks won’t go there. Today, the lending landscape has changed dramatically. Thankfully, bad credit no longer means no credit. Alternative lenders such as United Capital Source can help you get business loans for bad credit for day to day operating expenses. Money for growth essentials things such as marketing.
Have you been considering a merchant cash advance to improve the auto body repair services you offer to your community? If you’ve been in business for a little while, you understand the opportunities that are present in this industry. The auto body repair business has been thriving in the last few years, at a growth rate of around 1.3% since the recession. This is due to American’s reliance on vehicles to get them to work, school, and for business needs. It’s been more economical to maintain vehicles, rather than buy new ones. According to IBIS World data, there are some 119,398 auto repair businesses in the USA alone, generating $39 billion in revenues.
Working capital loans enable you to get things done. Every auto repair shop owner has dreams. But you have day-to-day responsibilities too. It takes money to manage your business and turn your dreams into reality. Small business loans are a financial management tool. You can use them to build your business right now and long-term.