No matter how much business sense, expertise in sales and determination you have, car dealerships are notoriously difficult to open and keep above water. Large overhead is required to maintain a dealership after putting up all the money required for licensing, office space, a showroom and a large lot for your inventory. In addition, you will need to pay your insurance premiums and make sure your sales staff, mechanics and administrators receive their paychecks. Finally, you will need to manage what is sure to be your largest expense: an inventory of cars and trucks to sell.
Car Dealership Financing
Bank Loan Rejection
While car dealerships are difficult to keep open, high expenses are only one of the issues you face. The other issue is getting a bank or major lender to qualify you for a business loan. These lenders consider automobile and truck dealerships to be high-risk businesses, and it can be next to impossible to receive the capital you need even if you have excellent credit.
The fact of the matter is that many of those who seek to become car dealers do not have unblemished credit reports. Many are open to the perceived risk involved in business because they know they can trust their knowledge, skill and experience. However, we can provide car dealership financing without you having to go through the traditional banking system, and the money you require for your business can be deposited in your bank account in as few as eight working days.
Financing from In Advance Capital
A cash advance from In Advance Capital, LLC is the ultimate solution to maintaining a profitable car dealership. We make it easy for you to qualify for a fast cash advance with an affordable payment plan. Bad credit is not a problem, and you will not have to put up collateral of any kind. In most instances, we can approve qualified candidates in less than 24 hours.
Our bank only ACH program takes the headache out of the application process. All you have to do is complete a short form and provide us with your banking information. The maximum amount of your advance is based on your past sales, and your repayment amount is set as a percentage of your future sales, which means you never have to worry about making a monthly loan payment when you don’t have the money.