Auto Repair Shop Loans
Blog: Auto Repair Shop Loans
There are many small garages that do periodically require auto repair shop loans, and we have the perfect solution for them. There are reasons why we say that we have the perfect solution for small business owners, which you can find out mentioned here.
As a private lender we provide auto repair financing to small businesses, and our criteria is very different from those of the banks. Typically, banks are not interested in funding small businesses, and the reason for this is small businesses are considered to be high risk investments.
As a private lender Funding Easily provides small businesses with no credit check auto repair financing. Mentioned here are our basic qualifying criteria; the business owner should not be in any form of active bankruptcy at the time of the loan application. The second criteria to qualify for the auto repair shop loans is the duration of the business, which need to be at least 12 months running. Finally, the gross income of the business needs to be at least $10 thousand.
Some of the additional conveniences for small business owners such as garage shop owners is the fact that we work with no credit check auto repair loans. This means that we are willing to entertain applications from businesses whose credit scores are very low or far below average. Banks on the other hand do not work with such businesses and out rightly reject their applications, based on poor credit scores.
In addition to this, there is also the feature where we ask for no collateral and security. This feature works very well with small business owners because many of them who really do require the loan do not have anything to put up as collateral. Banks on the other hand will not provide no credit check auto repair loans and they will not provide loans without collateral and security.
Contact us for more information related to auto repair finance companies, and our funding team will be happy to provide you with the information you require. Alternatively, you can click on the ‘get started’ tab and fill in the simple application form that we have on site.