Auto Shop Funding
Challenges for Auto ShopsAs many consumers try to stretch the lives of their vehicles, there is an opportunity for auto shop owners to build their businesses. However, there are always unexpected challenges, like losing business when car owners try to make their own repairs or increased competition in your area. To stay competitive, you may want to expand or buy new equipment to offer more comprehensive services to your customers.
Finding FundingYou need access to working capital to meet these challenges and capitalize on opportunities, but securing loans from banks can be difficult. If your business is smaller, or you’ve had credit issues in the past, you may be turned away. Even if you qualify, it can take up to several months to get the cash you need now.
Working Capital from iBusinessWorking capital from iBusiness is different. We evaluate your application based on your real-world business data, not on just personal FICO scores, and make a decision in less than 24 hours. If you are approved, you can get up to $250k deposited directly into your business account in 72 hours or less. How do you pay it back? We work with you to find the correct product that will be automatically deducted from your business bank account. How do you pay it back? We work with you to pinpoint a small repayment amount – a percentage of your daily sales – that is automatically deducted from your merchant account. If sales slow temporarily, so will your repayments, so you can always operate your business comfortably.
Advancing Your BusinessWhat can you use your funding for? It’s up to you, but auto shop owners have used their working capital for:
- Meeting payroll.
- Hiring new staff.
- Growing your business through advertising.
- Buying new equipment.
- Opening another location.
Need inventory, equipment, more staff or a new location? Business growth slowing down or stuck?
Don't miss on the opportunity to grow your business, boost sales, and make more profit. If you need money to get your business to the next level, we are here to fund you. At iBusiness every reason matters. We are here to help fund your business.
We approve most businesses in 72 hours or less!
Use the working capital anyway you want. No restrictions!
Get even more cash when your business needs it.