For business in the automotive industry, business loans and financing can be key to growing your business. Car washes, auto repair shops, accessories shops, auto detailing, garages, mechanic shops, car dealerships, and other automotive businesses work with Park Capital Business to secure fast funding.
Business Loans for Automotive industry
Without affecting your credit score! It’s risk free, so get started today to see how much your business qualifies for…
How to Apply for Business Loans in the Automotive Industry
1
Complete Your Application
Complete the 1-pager application, including providing your 3 most recent business bank statements
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2
Choose What Works For You
Choose the terms and loan that make the most sense for your business
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Funding Qualification Requirements for Automotive Industry
To work with Park Capital Business as your lender, your Automotive business must:
Have been in business for at least 3 months.
Have at least $10,000 in monthly deposits.
Loan Types for Small, Medium, and Scaling Businesses in the Automotive Industry
Term Loans
SBA (Small Business Administration) Loans
Working Capital Loans
Lines of Credit
Equipment Financing
Merchant Cash Advancements
Short Term Loans
Credit Card Processing
Grow Your Automotive Business
Automotive businesses often require significant investments in equipment and space, making small business loans key tools for growth. With Park Business Capital, leverage financing for:
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Inventory funding
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Equipment leasing and purchases for tools and machinery such as lifts and tire changers
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Expansions, including new service pays and expanded facilities
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Working capital
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Store improvements
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Marketing and advertising
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Acquisitions, including acquiring other auto repair shops and dealerships
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Hiring and training
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Inventory and supplies
Small Business Loan Alternatives For the Automotive Industry
Automotive companies can be lucrative businesses, and funding from Park Business Capital can help accelerate growth.
In addition to small business loans, consider small business credit cards, raising capital through equity (selling a portion of the business to investors), crowdfunding, and bootstrapping.
For automotive businesses looking for serious growth and expansion (such as acquisitions), working with investors can be a good path forward.
Even if you think we aren’t the right fit, we’d still love to chat with you and see if there is a product or service you haven’t considered yet.