Auto Repair Loans for Bad Credit
Automobile businesses have to always keep up with new trends, new equipment, and basically new models of a vehicle brand. For this, they may need to take a number of loans, which in turn can lead to them having a bad credit score. However, that doesn’t always mean that they do not repay their loan on time; it may just mean that they are indebted to a number of lenders, or continuously take loans one after the other. They may still be repaying their loans on time though.
However, traditional loan lenders do not have the time to know and understand this, which is why they typically reject such loan requests. If your auto business has bad credit, but you need a loan to invest in your business, you’re on the right website. We offer auto shop financing even to bad credit borrowers, since our requirement for you to get a loan from us, doesn’t include a perfect credit rating.
Auto Repair Shop Loans
Auto repair financing is offered by QuickCapitalUSA to automobile shops who are looking for quick funds, or those whose loan requests have been getting turned down by other lenders. We offer car repair loans with no hard credit check, since credit scores aren’t the basis on which we depend in order to fund our borrowers. Getting funded by us is very easy, since what we require are the following basic documents that shall support your application:
- Your personal details such as your name
- Details about your business including the name, type, etc.
- Your gross monthly income
Small Business Loans for Auto Repair Shops
Auto repair shops that are based on a small-scale, may find it difficult to get funded by traditional lenders. Traditional lenders prefer offering funds to large-scale businesses since their profit margin is more, since the interest comes back to them in big numbers. The same interest rate if given to a small-scale business, traditional lenders will not earn much.
However, we have a solution to your problem. QuickCapitalUSA offers small business loans for auto repair shops which helps small businesses invest in their business, without worrying about where to get the funds that they need from. All they have to do is visit our website and get applying by providing us the very basic documents that we ask for.
Car Repair Loans- Get Funds for All Your Needs
An auto repair shop does more than just repair cars, they may give vehicles a new look, they may change the lights, they may even modify the car altogether. Whether you need a car repair loan for bad credit or need funding just to re-paint a vehicle, we’re here to help. You can use our loans for whatever purpose you like, as long as it’s associated with your business. Here are a few examples of what you can use our loans for:
- To buy or takeover an auto repair shop
- To invest in your current auto repair shop
- Contractor loans for car repair shop
- To buy new equipment
Car Repair Financing up to $2M
We understand how big an investment you need in order to do well in an automobile business. That’s why, to help you grow and not miss out on anything that you dream of for your business, we offer up to $2M. As long as you can prove that your business earns enough on a monthly basis to repay your loan with interest, you can borrow enough to invest in your business.