National Business Capital (NBC) introduced specialized financial services to benefit business owners in the automotive service industry. These services include a business credit line and equipment financing as well as small business loans with longer terms. The move is expected to enable companies in this industry to apply for and to receive the financing and terms they require to grow their businesses and to succeed.
“To stay current, automotive services companies need financing to upgrade their equipment, such as car lifts, spray booths, alignment machines, for example,” states Joseph A. Camberato, Managing Partner, National Business Capital. “National Business Capital assists these firms to receive the funds they need to lease necessary equipment. We also provide a business line of credit to facilitate vendor payments and other business necessities. Additionally we also provide small business loans. These services feature quick approvals and both affordable and extended terms of up to 5 years in some instances,” Camberato notes.
Today’s automotive services professionals need to reach every sector of the driving public as well as commercial automotive enterprises. A financing package from National Business Capital assists these professionals to start, build, maintain and grow their businesses. “Small local businesses provide the backbone of the region’s economy,” says Camberato. “By assisting these business owners to thrive, we are boosting our economic outlook as well,” he concludes.
NBC offers affordable monthly payments through customized terms for automotive equipment leasing for machinery such as spray booths and car and truck lifts. Whether a client is seeking to finance new or used equipment or seeking to finance an inventory purchase in anticipation of future sales or rentals, National Business Capital has a financial solution. The firm offers a comprehensive package, with terms normally ranging from 12- to 60-months.
National Business Capital’s business line of credit provides automotive business owners the flexibility needed to access funds quickly and conveniently. One of its best features is that business owners only pay for the funds that they use. For those who do not have an immediate need for funding, a line of credit can be useful for emergencies, business growth opportunities or other contingencies.
National Business Capital does not require upfront fees, offers 24-hour approval and fast funds availability. The firm notes that its loan applicants have a 90% approval rate and considers several factors not just an applicant’s credit score.
Small Business Loans for Automotive Service Business Owners
National Business Capital offers small business financing to a wide range of small businesses including those in the automotive service industry.
The firm’s small business financing approvals are not based on an applicant’s personal credit, time in business or if the business is currently showing a loss. Open tax liens are also not a deterrent. Unlike traditional banks, NBC offers unsecured small business loans up to $2 million, with absolutely no restrictions on how the funds are used.