Get ready to put the finances of your automotive small business into high gear with a merchant cash advance from the experts at Bad Credit Business Loans (BCBL). A merchant cash advance (MCA) can help your company grow and thrive – even in today’s highly regulated and ultra-competitive automotive industry.
The MCA program is quite different than most other loans on the market today, and it isn’t offered by traditional lenders like banks or credit unions. In fact, we are a leading provider of this innovative and easy-to-obtain loan, and we don’t operate like a bank – so we can say “yes” to the majority of applicants, regardless of credit history or length of time in business.
How the MCA works – The merchant cash advance offers an upfront influx of cash for your automotive business and is repaid through daily, small loan payments. These payments are deducted from your credit card processing totals, and often represent a small fraction of your daily sales.
Since the amount that is paid for payment is a percentage of your sales, you’ll be able to make smaller payments during slow sales days and pay it back more aggressively during busier times.
The MCA program offers lenient approval terms, a simple application process, and it can be funded in a matter of days – not weeks or months like a traditional business loan through a bank or credit union. This means that you can start addressing your financial issues almost immediately.
What can I use my merchant cash advance for? – Once you receive your cash, simply decide how the money is best used for your business. If you own a repair shop you may want to invest in new equipment or tools to create a more efficient operation.
Or, you might choose to hire a new technician who has a background in specialty automotive repair, opening up new opportunities for your company to grow in this competitive and fast changing industry. We will provide the funding, leaving you free to spend more of your time on what’s important: growing your business.
We are proud to partner with small businesses to provide merchant cash advances and automotive small business loans that will help your auto business reach new levels of success. From repair shops to car dealers, aftermarket installation companies to paint and body centers, we’ve helped thousands of businesses reach their goals with a merchant cash advance. Simply apply today to get started, and you’ll soon see that acquiring much-needed small business capital doesn’t have to be a challenge.