Your Automotive Business Financing Is Just A Few Clicks Away

The Cash For Clunkers program is over, and for some Americans, the program provided a way to get a new car. For many others, however, the goal is to keep the car they own, which means that more Americans are taking better care of their cars than ever before. That represents an opportunity for businesses in the automotive maintenance and aftermarket sector. This includes auto parts stores, auto maintenance shops, auto glass stores, auto body repair, tire stores and even gas stations. If you’re looking for automotive business financing or gas station business financing to modernize your facility, make repairs, expand your service offerings, or hire additional staff, you may be in for a surprise.

Even for businesses that are in higher-performing sectors, loan money is still tight. Bank loans, even those guaranteed by the Small Business Administration, can take weeks or months to arrange, if they’re available at all. A recent survey of lenders participating in the SBA’s 7(a) loan program showed that more than 750 lenders had not made a single SBA 7(a) loan in the period between October 2008 and July 2009, and about half of those lenders had not made a SBA 7(a) loan since 2007.

When your survival depends upon getting automotive business financing, you can’t rely on private lenders that nominally participate in government loan guarantee programs. You need a lender you can count on and a business loan alternative that makes sense for your operation.

A business cash advance is a viable loan alternative for automotive business financing that enables your business to provide its own working capital. If you’d like more information on how a business cash advance can help you get the automotive business financing or gas station business financing you need, contact Rapid Capital Funding today!

Photo Credit: Dave-mcmt, via Flickr

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