1 PRESENTS Top 5 Financing Options for Auto Repair Shop Owners
2 TABLE OF CONTENTS Financing Options for Auto Repair Shop Owners 3 Unsecured Business Loans 4 Equipment Leasing & Financing 5 Business Line of Credit 6 Commercial Mortgage Financing 7 Accounts Receivable Financing (Factoring) 8 Bonus Material 9 2
3 Financing Options for Auto Repair Shop Owners As an auto repair shop owner, your job description is endless. Whether you are growing your business, operating and maintaining automotive equipment, or researching and testing new procedures, your plate is always full. National Business Capital is here to help you find the right business loan to suit all your business needs. Most business owners do not have immediate access to additional capital to take their business to the next level. Nevertheless, this should not squash your hopes and dreams of expanding your business. Finding the ideal financing company to back your shop is important. Whether you re looking to expand, renovate, or purchase new equipment for your location, National Business Capital offers small, medium, and large-sized businesses financing nationwide no matter the credit history. Our specialized team of business consultants will work with you to find the right financing option that fits your specific needs. 3
4 Unsecured Business Loans Unlike traditional loans, Unsecured Business Loans come with no restrictions on how funds are used. Many business owners have used this financing option as it is a fast and an effective solution to meet their financial needs. Business financing approvals are NOT just based on your personal credit. You may still qualify for this type of financing even if you have open tax liens. Some of the main features of Unsecured Business Loans are set payments, set terms, approvals within 24 hours, funding within days, and you can still get approved even if your business is showing a loss on your tax return. Advantages of choosing an Unsecured Business Loan over conventional financing are: Flexibility - Alternative lenders realize not every business owner will fit within the conventional guidelines. With alternative lending, the underwriting is flexible. Poor credit, tax liens, and even recent bankruptcies may be overlooked if there are solid compensating factors to your business. Time in business, cash flow, and consistent sales can also be used as compensating factors. Fast - No longer do you have to wait weeks to get approval from your conventional bank. These types of loans are FAST! You can usually receive an approval within 24 hours and fund your deal within 2-3 business days. Dependable - You get honest professional business advice. National Business Capital has a 90% approval rate. There are no upfront costs to get approved, and millions have been lent to business owners nationwide. 4
5 Equipment Leasing and Financing National Business Capital finances almost every type of equipment within the auto industry. We will work with you to finance new or used equipment or purchase inventory in anticipation of future orders. We offer a comprehensive package of equipment loans, ranging from month terms, as well as a 10 year financing option for more extensive manufacturing equipment. Equipment Financing Options Include: 1. Flexible Terms Year Repayment Options 3. Great Tax Benefits 4. Purchase Equipment from Vendor of Your Choice The majority of our clients were denied equipment loans from traditional banks prior to contacting us. National Business Capital has a 90% approval rate and ability to grant the means for equipment leasing to our clients. 5
6 Business Line of Credit National Business Capital s Business Line of Credit gives you the flexibility needed to access funds quickly and conveniently. Our business financing is an excellent tool that is designed to meet the specific needs of your business. One of its best features is that you only pay for what you use. Even if you do not have an immediate need for funding, a line of credit is always smart to have for emergencies or for when an incredible opportunity arises. Business Line of Credit Features: 1. Only Pay for What You Use 2. Fast Approval Process 3. Limited Paperwork 4. Not Based on Personal Credit Business owners have been taking advantage of our loans for discounts on bulk purchasing, short-term cash flow, fast access to working capital, slow account receivables, exciting business opportunities with only a brief window to execute, and to pay their taxes in a timely fashion. Improve your cash flow, borrow according to seasonal needs and eliminate the stress of time gaps between capital needs and revenue realization with our convenient business line of credit. 6
7 Commercial Mortgage Financing Commercial Mortgage loans differ from residential mortgages as they are primarily used for commercial real estate, as opposed to single family homes. Commercial Mortgage Financing can be used for various ventures, developments, investments and construction projects. This type of financing provides both fixed and floating rate loan programs. A Commercial Mortgage can grant the freedom needed to buy a new building or release equity from an existing ownership. It can also involve purchasing the premises of a business or an extension of the existing premises. National Business Capital s Commercial Mortgages have been designed especially for individuals or companies who want to purchase or refinance properties. Most common commercial mortgages operate via the rules of a fixed-rate loan wherein the interest rate remains the same throughout the term of the mortgage. These often have a fixed period of 3-10 years. National Business Capital has helped companies all over the country get back on course, not only by helping business owners improve existing business, but also expand it! 7
8 Accounts Receivable Financing (Factoring) Accounts Receivable Financing allows businesses to generate capital by using receivables as collateral. This may involve invoice factoring, which is a purchase of future receivables/invoices. Business financing tends to drive owners and their businesses deep into debt and tie up their assets as collateral. With Accounts Receivable Financing, businesses can satisfy their capital needs. Cash flow challenges prevent many businesses from managing their day-to-day expenditures or expanding. Accounts Receivable Financing can provide a line of capital that offers business owners unlimited growth. Another benefit is that these funds may be accessed simply and quickly. Our financial tools allow businesses to fulfill monetary obligations, rid themselves of costly financing blunders and sell products and services. National Business Capital s financial factoring options enable business owners to get their enterprises back on track as well as assist them to grow. 8
9 BONUS MATERIAL Example of How You Can Use Our Financing to Renovate Your Auto Repair Shop and Increase Annual Profits! How our Financing has Helped Auto Mechanics Expansion: Three Additional Bays Loan Amount: $100,000 Use of Funds: Construction: $67,500 (1,350 sq. per foot 3 New Lifts: $15,000 Frame Straightener: $8,000 Wheel Balancer: $2,500 Specialty Tools: $7,000 Sales Increase Breakdown: $1,780 in Daily Sales for every 1 Bay Added (Above based upon $356 Average Repair Cost x 5 Vehicles Daily) $1,780 in Daily Sales per Bay x 3 Bays = $5,340 in Daily Sales $5,340 in Daily Sales minus 90.8% for Expenses (National Average) = $ in Additional Daily Profit $ in Additional Daily Profit x 5 Days Per Week x 78 Weeks (18 months) = $191, in Additional Profit By Adding 3 Bays 9
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