As you well know, operating an auto shop business requires significant financial aid. Whether you’re seeking to improve or replace equipment, expand your offering, or market your brand to the world, learn how a Driven loan can help you do precisely that.
Operating an auto repair shop demands guts and commitment; it is not a job for the faint of heart. But even with the appropriate mindset, the costs of owning and maintaining an auto repair shop can leave even the most seasoned entrepreneur in shock. Furthermore, the operating costs of auto shop businesses vary significantly, making it critical for business owners to have financing on hand at all times.
As you well know, the price tags on auto repair shop equipment aren’t going to be small. When you factor that into the costs of staffing, business insurance, rent, etc. you can see that access to capital through an auto shop business loan is an important aspect of operating your business successfully.
Our industry experts are here to assist you in running a successful business- we work with you to determine the best financing solution for your company, including loan options that fit the requirements of your business. The application process is simple and quick, allowing us to provide you a pre-approved quote in minutes, and funding in as little as 24 hours. To unlock your business’ potential, call now or apply online today.
Successful auto shop businesses rely on having up-to-date equipment. In order to offer your services, you’ll need to ensure you have the proper equipment such as stocked tool chests, diagnostic equipment, air compressors, emergency spill kits, patch kits, vehicle lifts, etc. Furthermore, you’ll need to stock safety equipment for your employees.
The ability of a business to prosper is greatly enhanced by its location in a high-traffic region; more people means more prospective consumers. If the shop expects a large number of customers, you’ll also need to have sufficient parking spaces. Having a great location leads to lots of business, but may also result in hefty rent and taxes.
Operating an auto shop business in Canada requires you to have all the necessary business licenses and permits for you and your staff to use particular machinery. Additionally, you’ll need to purchase liability, property, and workers compensation insurance in the event that property is damaged or one of your employees is injured on the job.
Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.
When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.
Choose the repayment schedule that makes sense for your business—from daily, or weekly payments, or pay early to save on interest. Borrow from $5,000 to $300,000 on 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.
If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.
Every day brings a different challenge and a different opportunity. At Thinking Capital, we're here with the funds you need when you need them, whether that's to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.