Small businesses like auto shops are part of the machine that makes up the US economy. Running a small business already requires a lot of responsibility from its owner. Add the fact that your small business is an auto repair shop, and you set yourself up for a challenging task ahead of you. Despite the hardships of running an auto shop, experienced mechanics and other business managers continue to take on the struggles. Owning an auto shop is a perfect fit for those anyone with years of mechanical experience and a strong mind for business.
You don’t have to let finances be one of your major struggles as a business owner. At Flexibility Capital, we offer auto repair shop loans as part of our extensive line of financing services. We can customize our small business loans to match what you need for your endeavor.
As the owner of an auto repair business, you are the perfect candidate for one of our auto repair business loans. Learn more about your options below.
1. Business Line of Credit
“Business as usual” can change literally at any moment. If your business experiences a financial setback, such as damage to your property, and requires a change to be made quickly, consider applying for a business line of credit. This type of loan offers business owners the ability to stay ahead of not only their finances, but their competition as well. Business lines of credit work by giving your business access to funds as soon as you need them. You make the choice of how much money you take out, giving you a flexible option for you and your business. If you need access to short-term funding for ordering new inventory or unexpected operational expenses, a business line of credit is a perfect choice.
Business lines of credit from Flexibility Capital are designed to help you manage the unexpected. We will work with you to make sure your business succeeds, and you have what you need to operate at a high level.
2. Equipment Financing
If you want to run your own auto repair shop, you obviously need auto repair equipment. This specialized equipment can be expensive, and set you back a decent amount financially. Without the proper equipment for the job, your business is set up for failure. Don’t skimp out on your tools of the trade. Flexibility Capital offers solutions to all of your equipment financing needs. When you utilize our equipment loans, you only pay for what you are borrowing. This way, your shop can buy the equipment necessary to function, while keeping your cash flows normal. Equipment finances are separate from any other loans you take out, allowing you to apply for additional financing options, should that be necessary.
Equipment financing from Flexibility Capital keeps your financial future predictable.
3. Invoice Financing
If you are thinking about purchasing new equipment for your shop but are waiting on inflow from customers who haven’t paid yet, consider invoice financing. Late payments from customers should not be creating cash-flow issues at your business. Invoice financing works by giving you access to the funds you should be receiving from your customers. By selling your open invoices to Flexibility Capital, you receive the funds necessary to continue operating your business as usual. You can turn money owed by your customers into working capital for your business.
By financing based on your outstanding invoices or receivables, you alleviate your stress while waiting for your money to come in. Ask us here at Flexibility Capital about the options you have for invoice financing.
Offering the Auto Repair Business Loans You Need
At Flexibility Capital, we want to make it easy for you to acquire the funding you need for your business to thrive. With our vast array of loans for small businesses, we can custom-fit your auto shop with whatever loan makes the most sense. Whether you have recently opened your shop or have been around for a long time, Flexibility Capital will work with you to help your businesses succeed.