Car dealerships often need small business loans to pay dealership fees and other expenses to keep them going when sales temporarily slow. Upstream also understands that auto dealerships require short term business funding when more buyers are trading in their cars. The profit on a new vehicle is contained in the trade-in car and until sold, the profit to the auto dealer is unrealized. This can create cash flow challenges.
Many of our best long-term clients are also in the auto repair business. These family-owned shops are a big part of what makes America great. We’re proud to support these businesses with merchant cash advances and help them through slower seasons as they compete against large national chains.
If your business is part of the automotive industry, Upstream can help you obtain the capital you need to grow your business. Businesses in the automotive industry we have served include:
Auto Repair Center
Transmission and Repair Shop
Auto Accessory Retailer
Whether you are interested in redesigning your business, or just need immediate funds for a bulk supply order, Upstream can provide you with the right financing solution for your every business need. Many of our customers have utilized the funds on the following initiatives:
Purchase bulk inventory and supplies
Provided continual education for technicians
Purchase or repair equipment
Maintain facility or make renovations
Hire new employees
Auto service and repair financing can help take your business to the next level. We have exceptional rates and can get the funds into your bank account within days.
Get a merchant cash advance for your automotive business. Stocking inventory requires having a healthy cash flow, which can be challenging in today’s economy. Bank business loans may be at a standstill, but alternative financing in the form of a business cash advance offers many advantages over unsecured loans for mechanics, auto parts stores, and other automotive businesses.
Upstream provides financing for automotive businesses in the form of a business cash advance (also known as “merchant cash advances”). If you process at least $3,000/month in Visa and MasterCard sales, you can receive cash up front based on future credit card receivables. After your automotive business cash advance is received, we debit a small portion of your future credit card sales until the cash advance is paid in full. Your advance amount remains fixed for the entire time it takes for full repayment to be made. We get paid when you get paid.
Don’t let banks stop you from getting automotive business financing. You can be pre-approved in as little as 24 hours and have your business loan alternative in as little as 5 days. Apply Now!