Merchant Cash Advances for Auto Repair Shops now a financing source they can count on!
If you own an auto repair shop you have to meet certain financing challenges everyday. It is no longer enough to just open your doors hire some auto technicians and get to work. Now there are as many hands out as there are pockets.
Training and Continuing Education
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Auto Repair Business Finance
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Auto manufacturers are building more and more high tech components into there vehicles. To maintain these systems it takes knowledge that is gained thru continuing education and training. That means someone has to cover the costs of maintaining a decent level of expertise for the day to day employees. It may be easy to just tell your employees it's their burden to bear if they want to keep up with the times they have to cover the cost of these classes and seminars. But that's not reality. Most businesses in order to retain quality auto technicians will cover all of those fees and see it as a cost of doing business. It is not unrealistic to share the cost of these training experiences maybe do a 50-50 split but most shops know that this is part of the ongoing struggle to keep up with ever changing technology.
Gov't Regulations.
It's no secret to anyone that the Government has their hands deep in small business pockets. This is not intended to be a rant against him or her or anyone it's just a fact. The auto repair and maintenance industry is especially targeted for many levels of regulations regarding handling, and disposal of everyday materials associated with operating a car truck or other type of motorized vehicle.
Where do we recycle oil, transmission fluid, radiator fluid, air conditioning refrigerant? That list goes on. If we sell gas do we have updated holding tanks and have they been inspected? Tires where do we recycle tires and what cost to have all these materials hauled away? It is understood no one want an eyesore business in their area but again these costs are real and they must be considered when operating an Auto Repair Shop.
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Auto Repair Shop Financing
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When considering how to pay for all of this Auto Repair shops have a couple finance alternatives. One such alternative is a Merchant Cash Advance. A Merchant Cash Advance for Auto Repair is a viable alternatine to traditional bank financing.
How a merchant cash advance works.
Unlike traditional business loans, business cash advances are based on merchants' future credit card sales and do not require collateral or a personal guarantee. A small percentage of your credit card sales is deducted daily until the advance is paid off. This type of business financing is typically received faster and is more flexible than a standard bank loan. The application process is typically a one page application, 3 months bank statements and 3 months current processing statements. Once approveed a business can receive their funds in 24-48 hrs.
Merchant Cash Advances for Auto Repair businesses offers an alternative to traditional bank financing. If you are interested in discussing a cash advance contact Merchant Cash Advance America. Our cash advance professional are knowledgeable.
Merchant Cash Advance US
www.merchantcashadvanceus.com
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