If you run an independent auto shop, we know that it’s not always easy to obtain the money you need to buy equipment, get through “slow” seasons, and keep your business moving forward. Sometimes you need extra cash to make ends meet. Whether your customers have been paying late, you ran into some unexpected costs, or you need to buy inventory, a business advance for auto repair shops from Merchant Cash Group can help.
What Is a Business Advance? Understanding the Basics
A business advance is also often referred to as a “Merchant Cash Advance,” or MCA for short. And the big difference between a merchant cash advance and a traditional loan is that MCAs can be funded in days, not weeks or months.
When you get a business cash advance for auto repair shops from us, you essentially sell us a percentage of your future sales. This means that you’ll immediately get the money you need, and you can repay us over time with a small percentage of your sales.
The Benefits of Choosing a Business Advance for Auto Repair Shops
Now that you know what a merchant cash advance is, why should you choose one for your shop instead of a traditional bank loan or an alternative funding method? Here are just a few reasons:
- Increased flexibility – You don’t have a regular, monthly installment payment that you must meet every month. Instead, the advance is repaid based on your future sales. When sales are slow, you pay less. When you’re doing more business, you pay more. This increases your flexibility and helps preserve your cash flow.
- Easier to qualify – Because a business advance for auto shops is not a traditional loan, the requirements are much easier to fulfill. At Merchant Cash Group, our minimum requirements are $5,000 in monthly sales and the business has been open for at least 6 months. No credit check is required for an approval.
- Use your money for anything you need – There are no restrictions on what you can do with the funding you receive from Merchant Cash Group. Whether you need to purchase a new, commercial-grade car lift, a tire balancing or laser alignment machine, or even just make quality-of-life upgrades to your store, such as repainting it or redoing the interior, you can do whatever you want with your money.
- Super-fast approval and funding – If you choose Merchant Cash Group for a business advance for auto repair shops, we can fund your bank account within 48 hours. You don’t have to wait days, or even weeks, for a traditional bank to make their decision about whether or not to issue you a loan.
For these reasons (and many more) a business advance for auto repair shops is a good investment and can help you get the funding you need to maintain or grow your small business.
Get Started Today with Merchant Cash Group!
If you’re ready to apply for a merchant cash advance or want to learn more about our requirements, check out our FAQs, or get in touch with one of our customer service representatives now. We are waiting to assist you! The opportunity for funding is only a click or a phone call away. Do what’s best for your business and contact us today.