When you need to hire and train new employees or implement new technology, an auto repair shop loan can help get you there faster.
In recent years, many consumers have been driving their cars and trucks longer to save money. This presents tremendous potential for auto repair shops and mechanics, but it costs money to take advantage of timely opportunities. Kabbage funds provide the small business funding you need to not only cover daily expenses, but make the most of this potential for more business.
Whether you're just opening your business or looking to attract new customers and increase sales, having an auto repair loan can address gaps in the working capital and can give you the extra boost you need. Specific examples of the ways you can use the working capital an auto repair shop loan affords include:
Many traditional lenders do not like to lend to "special purpose facilities" like auto repair shops, and their lengthy approval processes can require extensive credit and financial documentation. Even if you are approved, it can take days to get working capital you need – and your opportunity could be gone by then.
At Kabbage, we want to help you cut through the red tape to get the auto repair loan you need. Our short-term small business loans are available through a fast, simple application that's fully automated. Provide basic data, and we'll review your business performance to give you the funding you need – up to $250,000.
Qualify for a line up to $250,000
Accessing small business funding shouldn't be complicated or time-consuming, so Kabbage developed a simple way to get up to $250,000.2