Business Loans for Auto Repair Shops

By: First Union | Date:

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Business Loans for Auto Repair Shops

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Auto Repair Company Loans

There are times when if you own an auto repair or body shop, the business can undoubtedly seem slow. As a result, you often find yourself lowering prices to be more competitive and yet, this in and of itself can cause you to suffer. This is not the situation you want to be in.

At First Union, we want to help you stay competitive without having to slash your prices beyond what your auto repair business can sustain. With a variety of loan and credit line products, and with fast and flexible funding, you can get the cash needed, even during the slower times.

Three Reasons You Might Need an Auto Repair Loan

With funding ranging from 4K to 1 million, you can help your body shop or auto repair business thrive. So why might you look into one of First Union’s business loan programs?

  • You may need new equipment - Staying up to date especially in the auto industry is essential! Diagnostic machines can be pricey, and equipment is also definitely an expensive purchase. With a line of credit or small business loan though, these things are within your reach.

  • Inventory purchases - Restocking parts, ordering new supplies—these are all things that you have to have in the auto repair field. Otherwise, customers will seek out someone who does: your competitor.

  • Unexpected expenses - In any business, things come up that are unavoidable—we may not have factored them into the equation, but then lo and behold, there they are nevertheless. It would help if you had the cash to deal with any situation that may arise.

First Union Lending is here to help! We’ve worked with a variety of businesses to include auto repair and body shop owners. With merchant cash advances, lines of credits and business loans that offer quick approval and cash in as little as two days, you owe it to yourself to check out what we can potentially provide you! Give us a call at 863-825-5626.

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well.

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