Automotive Business Financing

Automotive dealers extend loans to prospective car buyers or lessees on a daily basis. But who can dealerships turn to when they need additional working capital or automotive business financing?

And what about the local repair shop that must upgrade their diagnostic equipment every time emission testing regulations dictate, or find the funds to be financially liquid when a vendor offers them a great deal on tires, mufflers, or synthetic lubricants?

Where do these business owners turn to for automotive business financing and sound funding advice? The solution is to call National Business Capital.

Faster Funding for Auto Business Owners

These Automotive dealers are local and sometimes small businesses that contribute greatly to their local economies.

Yet remaining solvent themselves takes a financial partner who is both knowledgeable about alternative funding sources and is not afraid to work hard and find the monies auto businesses require.

National knows what it takes to get automotive businesses the immediate financing they need to tackle any business challenge and grasp every opportunity – exactly when they need it – with 24-hour funding, and an approval rate of over 90%.

Easier Auto Business Loan Qualifications

The expert advisors at National understand the specialized funding requirements automotive businesses face and strive to locate financial opportunities for them. We approve over 90% of the loan applications we receive.

In fact, more than 70% of our clients have been previously turned down for financing by their banks. We take everything into consideration when it comes to making loan decisions. For example, having an open tax lien is not an automatic disqualification.

In business, building solid relationships is key to achieving success. By looking at the big picture and not just focusing on credit reports, we are able to get to know each of our clients personally and establish ongoing business relationships beyond initial funding.

How to Find the Right Automotive Business Financing for You

This is not our first rodeo: automotive dealers, auto repair, auto body shops, and lube centers have all turned to National to assist them in keeping their businesses up and running so they can keep their customers’ vehicles doing the same.

When we say we have experience locating funding for your specialized industry, we mean it. With a proven track record of success, National is uniquely capable of connecting you with the right lender for your specific needs.

After helping auto businesses obtain millions of dollars across the country, we know what it takes to secure you with the perfect financing option that your company needs to grow, quicker and easier than anywhere else.

Are Bad Credit Auto Business Loans Available?

Some of the reasons your bank may have turned you down had nothing to do with your credit score or years in business. Automotive businesses are considered special-purpose facilities.

To banks, this means that should these businesses cease operations during the life of their loan, the facility cannot be easily converted to a profitable enterprise in another industry.

Additionally, due to what banks consider a high level of loan defaults by business owners of these facilities, it is especially difficult, if not impossible, to obtain funding from a traditional lender.

Banks look to extend credit to businesses that they perceive as being ideal loan risks. Special purpose facilities, including business owners seeking automotive business loans, do not fall into this category.

However, due to the fluctuating economy, many individuals are keeping their cars as long as possible, while large corporations are leasing increasing numbers of new cars for their company car fleets.

National understands that the outlook for automotive-based businesses is bright. It is this attention to the economic pulse across every industry, among other factors, that sets us apart from the alternative lender pack.

Applying for Automotive Business Funding

Get to know us. It could be the start of a great financial relationship that allows your business to perform its business with the working capital it requires.

Call National for a free consultation at (877) 482-3008, or fill out our 1-minute application online today, and receive funds in as little as 24 hours!