Are You Seeking
Having an auto repair industry business loan could be right for you! Auto repair shops require funds to be available to offset any obstacles. Sometimes shops need more capital than are currently available, without enough working capital, it can be detrimental to the business.
At any moment, a shop might be approached for a single, lengthy project or multiple projects which require time and many different parts. Customers do not pay until the job is done, but parts can be expensive and take away from a business’s bottom line. At this point, you would not be able to cover payroll and other business expenses which will pose a whole new problem. Don’t turn down a job that will benefit your business in the long term because of short term deficits.
Apply now for an auto repair industry business loan and make sure your business is always running smooth.
Funding in as little as 24 hours
No Spending Restrictions
Lower Upfront Cost
Fund Equipment Purchases !
Auto shops need to stock up on parts, order supplies and purchase inventory. Whether you are starting your shop, refinancing, or seeking a new line of credit, Sutton Funding will provide you with it. We are committed to enabling business owners to maximize their growth by providing working capital.
Like many other industries, auto shops often spend a chunk of their money providing quality services without seeing an increase in revenue for months. Unavoidable setbacks like customers pay late, or in small installments, inventory might not be used until much later in the year, and others can be a big blow to your business. Moreover, since insurance carriers typically cover auto body work, shops must wait for reimbursements but continue to serve their customers.
Having a small business loan from Sutton Funding will get you through the dry seasons and keep you prepared for the heavy ones. You will be able to make payroll on time and have inventory stocked year round. Invest in your business today, apply for an auto repair industry business loan.
Discover Financial Options You Never Knew You Had…
Access working capital for equipment, inventory, renovations, or expansions.
Lump sum of capital you repay using a portion of your daily receivables.
Smaller sum of money you pay back, plus interest, with daily payments over 3 to 18 months.
Cash available for the day-to-day expenses of running a business and is a measure of both a company’s efficiency and short-term financial health.
Loan to help you afford new business equipment right away by using that equipment as collateral.
Borrow money for working capital, purchasing inventory or equipment, refinancing other debts, buying real estate, or even funding the acquisition of other businesses.
With invoice financing, you could get a fast advance of about 85% of the value of your invoices, with most of the other 15% paid to you later.
A Business Line of Credit works almost like a credit card, except you get access to cash and lower APRs. A line of credit is an arrangement with Sutton Funding that establishes a maximum loan the lender will allow the borrower to take. You can withdraw funds (as low or high as you wish) on the line of credit at any time, as long as you don’t exceed the maximum set in the agreement.