Get the funding you need to jumpstart your auto business.
Bambu Finance has a special business financing program for automotive businesses, allowing you to receive up to $250,000 in working capital per location in as little as one business day!
With our funding program, we purchase a small percentage of your future sales until the payback is completed, giving you the working capital your business needs now!
Our requirements are simple. To be eligible, your business must:
- Be in operation for six months or more.
- Be located in the United States.
- Have deposited gross sales of $15,000 per month.
- Be current with your lease/mortgage.
What we offer:
- Up to $250,000 per business location. (The amount can be up to 1.5 times your total monthly sales volume.)
- An approval rate of more than 80% on all applications with many same-day approvals.
- Funding in as little as 24 hours (one business day).
- The ability to use your funds however you choose.
Get the working capital you need to grow your automotive business now.
Keeping excess cash flow in your automotive business can be hard when inventory for automotive parts and auto supplies is so costly. Having supplies on hand is key to supplying the necessary services customers demand. It can also be helpful when building your business. Auto parts and supplies from vendors are not always covered by vendors' credit eligibility, which can infringe on daily cash flow. This can make business very hard in a competitive industry where big box competitors typically have a distinct cash advantage when stocking supplies, parts, and so forth.
Bank loans can be challenging to obtain as financial institutions call for collateral, good credit, and many other strict requirements. Luckily, Bambu is here to help! We can approve you for up to $250,000 in working capital (against your future sales) without the stringent application process of securing a bank loan.
How we differ:
Bambu’s business financing is:
- Unsecured and doesn’t require any collateral, or personal guarantee.
- A great option for business owners with credit issues who have trouble qualifying for traditional loans.
- Provided in exchange for a share of your business' future sales.
- Repaid via a daily draw of your overall credit card sales.
- A quick and hassle-free alternative to traditional lending with applications in just minutes, plus, a lightning-fast approval process (oftentimes that same day).
There are no restrictions placed on how you can use your working capital and we do not require any business plan to complete the funding process. It is completely up to you how you utilize the money you receive. Having said that, the most common uses include:
- Equipment Purchases