Up-to-date and fully-functional automotive equipment is integral to the success of any auto service shop. When a major piece of equipment, such as a lift requires repair or replacement, few business owners wish to liquidate their working capital or business credit lines yet cannot continue to lose business.
For those in the auto repair, autobody, transmission repair, automotive paint, even commercial car wash businesses, without access to the proper tools it can become difficult to properly or efficiently address certain vehicular service issues. Purchasing new equipment for a repair shop can also be cost prohibitive. Another factor is that many lenders will specify the vendor and equipment that must be purchased. This may not be what the potential borrower has in mind.
This is where obtaining automotive equipment financing by consulting with National Business Capital can help. As a leading alternative business financing company, our experienced Business Consultants can assist business owners to receive the right financing their business requires to continue to grow.
We have assisted many business owners in the automotive industry to quickly obtain the equipment their businesses require through purchase or specialized Equipment Financing programs. Some of their specialized business tools include:
- Hydraulic lifts
- Service bays
- Oil delivery systems
- Air compressors
- Alignment systems
- Tire mounting and balancing systems
- Brake lathes
- Transmission repair tools
- Emissions testing equipment
- Welding equipment
- Hydraulic pumps
- Auto paint booths
- Paint guns
- Intake and exhaust filters
- Conveyor belts
- Soap dispensers
- Rinse systems
Alternative Business Financing Offers Working Capital Solutions
The timeline for receiving financing through a traditional lender such as a bank is lengthy. The process can take several months. Most automotive business owners cannot be idle for that long. Also it may prove difficult to obtain funding with a low FICO or an open tax lien. This is where seeking alternative business financing by consulting with a reputable company such as National Business Capital can make the difference.
Our Business Consultants are interested in establishing long-term business relationships with our clients. We learn about their enterprises, their business goals, and work hard to help them to receive the financing they require. This way, when their businesses need additional working capital, our expertise and guidance will assist them to again receive the right financing quickly.
National Business Capital is proud of our over 90% financing approval rate. Financing decisions are made in 24 hours or less and, once approved, the money is deposited in the borrower’s account within days. The funds are theirs to use at their discretion. They may lease or purchase equipment from the vendor of their choice as well.
For those in the competitive automotive trades, there is no time for downtime. We invite automotive business owners who have questions about Equipment Financing or who want to explore alternative business financing solutions to contact us at (888) 888-9124.