A business line of credit can pop up in unexpected places. That’s one of the things the Advance Funds Network (AFN) would like to tell you more about. These unrestricted funds have all kinds of uses, so when we find one that is unique, we like to highlight it. This lending spotlight will focus on auto repair companies.
Looking Beyond Surface Value
At first there may be very little that seems unique about accessing a business line of credit in an auto repair environment. That is, until you consider that this kind of environment is always changing.
There are matters of:
- Inventory
- Equipment
- Supply orders
- Payroll
- Vender charges
Outside of that run-of-the-mill list, there is also something new to consider: fleet management and rentals.
The economic climate has begun to change the auto repair industry. Financial difficulties have led to more than just investing in a business line of credit; it’s led some business owners to rethink how they use those funds.
Restrictions Don’t Apply
There are two areas of expansion that are exclusive to the auto repair industry:
- Towing service
- Fleet rental
It’s not uncommon for a visit to your local mechanic to be a one-stop shop. Many businesses have converted their garage to make add-ons like:
- Towing
- Car rental
- Detailing services
Car maintenance has gotten an on-site makeover. While this expansion is lucrative, smaller garages need the resources to invest in managing these diverse revenue streams. Not only that, it can be a little while before the investment turns a profit. A business line of credit is the perfect resource to get you through the waiting period.
You can draw from it like a credit card, but you use checks instead of plastic. Cover the gap between expense and revenue while you need to; pay it back as you go. As long as you pay off the balance, the credit line is reusable. This is another asset to the ever-changing auto repair industry. Whatever happens, unsecured financing makes sure you have the resources when you need them.
That’s part of the reason we chose to highlight this particular vocation. We want you to see real life ways our funding can make a difference. This is just one example using one type of funding. There are many ways to utilize unsecured financing in your line of work. We can help you find the perfect fit.
Whether you need the funding now or just want to set up a contingency plan ahead of time, we’ll help you do the legwork and get set up fast (within 48 hours). Using a representative as your guide you can: find out about options, interest rates and fees, payment plans, and terms and conditions. AFN has cut down on the waiting period, eligibility qualifications, and collateral requirements.
Get reusable cash fast. Â Visit: www.advancefundsnetwork.com for more information. Find out how a company that sees your vision can help you reach and sustain it.
