Automotive Business FinancingAutomotive business financing helps existing automotive businesses grow to their full potential.
The automotive industry encompasses a wide number of small businesses, from auto dealers to auto repair shops and everything in between. When a small business owner in the auto industry is looking to expand, quick access to automotive business financing in the form of direct capital is essential. Traditional banks make it hard for small business owners to get the cash they need. They require extensive documentation and valuable time spent at a bank location. Because of this, approval processes can last over a month. Additionally, banks will reject applicants because of bad credit or a “high risk” business model, and even if they do approve funding they will require personal guarantees of collateral. Why wait for an auto business loan that puts your property on the line in the case of a default? Horizon Business Funding is the solution to this problem in the automotive industry. We are a direct lender and not a traditional bank; therefore we can approve automotive business financing requests regardless of bad credit and require no personal guarantees of collateral to back our money. We also do business over the phone and with live chat available on this page, so there is no need to waste time waiting at a bank location. We offer an unsecured loan alternative called a Merchant Cash Advance that can appear in your bank account in as little as one business day. Paying wages, buying equipment and parts or expanding workspace are only some of the ways a Merchant Cash Advance can help your automotive small business grow. With no restrictions on how you use the money we provide, it is up to you, the small business owner, to choose how to spend your automotive business financing. We enable cash flow growth without hampering existing dynamics. It’s your business; you know how to run it best.
Here’s a breakdown of our Merchant Cash Advance automotive business financing options.In the spirit of keeping things simple, we’ve broken down what makes a Merchant Cash Advance a great alternative to no automotive business financing through loans by showing where Horizon Business Funding’s programs and the needs of small business owners meet.
What you have:
- Bad credit, existing loans, a high risk designation or any issue banks use to disqualify.
- A business you have been operating for at least 2-3 months.
- Monthly gross sales of $15,000 or higher.
- Interest in automotive business financing to improve or expand your business.
What we need:
- You to fill out the form on the right of this page.
- You can live chat with a representative to the right as well.
- The completion of some easy steps that a representative will help you do over the phone.
What you don’t need:
- No collateral loans that take charge high interest, with rigid payment structures.
- Demands for business plans and valuable time spent at bank locations.
- Restrictions on how you can use the money you apply for.
Does this sound like your small business? Then our automotive business financing could be just what you’re looking for.
How Automotive Business Financing Works.Horizon Business Funding’s only criteria for automotive businesses to receive a Merchant Cash Advance is that the business be at least 2-3 months old with monthly gross deposits of at least $15,000 a month. If this describes your business, simply fill out the form on the right of this page and one of our knowledgeable representatives will contact you shortly to help you complete the simple steps it takes to get cash fast. With cash advance amounts from $1000 to $1,000,000, we can accommodate the needs of any automotive business seeking direct capital. Once your initial advance in 70% repaid, you will be eligible for refinancing up to 200% of the original amount. Our repayment structure is based off of your earnings, and each business receives special attention from our underwriting department to ensure that their business cash flow will not be overburdened by payments. We aim to establish long term funding relationships and be a resource throughout the expansion of your business, whenever you need quick and easy access to capital. Call or fill out our form to see how much we can help your automotive small business grow.
CALL TODAY AT 888-487-5509