Whether it’s trying to diagnose an engine problem based on a customer’s impression of a rattle or dealing with customer complaints, you’ve got a tough job! And worrying about whether you are going to make payroll every month doesn’t diminish the stress. Running your business smoothly is not always easy. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks on a bank loan. Opportunity rewards those that take quick action! A merchant cash advance or small business loan from UNI Capital Management offers a better way:
Most of our automotive clients receive a pre-qualification from us within 24 hours of submitting the online application, and often receive their cash in their business bank account within 7 days. We are not asking you to reassemble a new hi-performance engine. Our application process is much simpler, unlike the process for obtaining a traditional small business loan from a bank, which can take several months. Learn how our small business loan or merchant cash advance application process works!
We are not a bank, so we don’t require detailed blueprints on the health of your automotive business. You don’t have to fill out 20+ documents and provide tax returns, financial statements, or expensive sports cars as collateral to obtain a business cash advance. We have a simple one-page application and only ask for 4 months of credit card processing statements and 3 months of bank statements.
We all go through tough times in our financial lives and we don’t want a lean year to hinder your business from growing. We take many factors into consideration through our proprietary application approval process, and we have funded many automotive entrepreneurs who have credit scores 550 and above. Business loans from traditional banks often require a higher minimum FICO or credit score. Read how you can qualify for our business cash advance or small business loan.
A merchant cash advance isn’t a traditional loan. The advance is paid back as a percentage of your daily automotive shop credit card sales. When your business accelerates, you pay back more and when business slows, we apply the brakes and you pay back less. Simple, flexible, and eliminates the stress of paying back a loan. Learn more about our business cash advances.
Any small business owner knows that it costs money to make money, and that goes double for auto repair. On top of all the normal expenses, you need to be prepared for the unexpected.
One problem with a traditional bank loan is its inflexibility. When applying for a bank loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines requires you to pay a fixed amount, even when things might be slow for you.
Here are just a few things you can use one of UNI Capital Management’s small business loan alternatives for: