Merchant Cash Advances for Auto Repair Businesses
Auto Repair Shops are finding Merchant Cash Advances a quicker and more accessible alternative business financing than bank loans. Auto repair business
growth may include upgrading repair equipment. These high price tags often mean leasing or alternative financing. NorthWest Finance cash advance funding is a proven source for fast cash to meet a repair shops financial needs.
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| Auto Repair Merchant Cash Advances |
Merchant Cash Advances are a cost-effective option to leasing that both secures your operating capital for your shop while keeping your new equipment free from liens or security interests. Also, no personal guarantee is needed from the business owner – NorthWest Finance takes on the risk of the cash advance!
Commercial equipment leasing financial institutions secure your lease with the purchased repair equipment used as collateral. With our merchant cash advance, you use a portion of your future Visa and MasterCard sales to obtain the purchasing funds upfront – no collateral, no personal guarantee, no major changes to your Balance Sheet. Often auto repair shops find the new equipment allows the work flow to increase, creating more sales that pay off the advance well within the usual repayment period.
Since your equipment is purchased with a cash advance and not a lease or a loan, there are no late fees, late payment, fixed payment schedule or annoying phone calls looking for payment. Since a Merchant Cash Advance is not repaid from your businesses cash flow only a percentage or a portion of your income is used to repay the cash advance from Visa-Mastercard.
The speed with which NorthWest Finance responds to your merchant cash advance application means your repair shop can proceed quickly to get new repair equipment, advertising or pay upcoming bills, like quarterly IRS payments, on time. Our rapid approval and cash advance process usually takes less than ten business days. Once your merchant cash advance is approved, the money is transferred directly to your auto repair shop’s bank account.
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| Auto Repair Business Cash Advances |
Contact the merchant cash advance experts at NorthWest Finance and see how our alternative business financing can assist you in meeting your company’s working capital needs better than traditional loans and commercial equipment leasing options.
There is no need to switch processing companies.
Minimal paperwork
Funding typically takes 72 hrs.
Good credit? bad credit? or no credit we can help finance your business.
Contact:
Mike
NorthWest Finance
Minneapolis, St PauL, and Nationwide
1-612-615-8196
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