How to get auto repair financing?

There are many small businesses such as auto repair shops that require auto repair loans, and we provide those quickly and with little or no hassle at all. Banks on the other hand do not fund small businesses because they are considered to be a high risk investment for the bank. Over 90% of all bank loan applications by small businesses are rejected.

Funding Easily is a private lender that provides auto repair financing to small and medium sized businesses. Our criteria are completely different from those of the bank, and are also feasible and practical for small businesses such as auto repair shops.

These are some of the basics that are associated with the funding that we provide. Our criteria are mentioned here as well, as follows; the business owner should not be in active bankruptcy at the time of the application process. The business needs to be at least 12 months old, and the business should be active and running during that duration of time. Finally, the gross monthly income of the business needs to be at least $10 thousand or more.

These are some of the basic criteria that we have, which are easy to meet for most small business owners, and are practical and reasonable as well. For the no credit check auto repair financing we do not require high credit scores like banks, who will otherwise reject the loan application. On the contrary we often deal with businesses whose credit scores are in the mid-500s, and we do provide them with no credit check auto repair loans.

Other features that are associated with our loans is the fact that we don’t ask for collateral and security from the business owners, to fund them. Banks on the other hand always will ask for collateral and security. Most small business owners are not able to provide the collateral to cover the loan amounts they require, and this is another reason why going to a bank wont be feasible for them. Not to mention banks are more interested in funding big businesses and corporations, as opposed to small businesses.

Contact us for more information related to auto repair financing companies and auto repair shop loans. Our funding team will provide you with the information you require, and answer your questions related to the funding. Alternatively, you can also fill in the application on our site and submit it by clicking on the ‘get started’ tab.