Autobody / Automotive Repair

A Successful Automotive Shop

Running a successful automotive shop is quite the balancing act. Being honest with your customers about the issues involving their car without overburdening them with technical information that might confuse them. Your employees need to all be skilled technicians in their particular specialties and great customer service representatives. Time has to be balanced so that a job is completed within a time so it remains profitable, but enough time so it is carried out with precision and within your high standards. You have to keep track of tool maintenance, parts inventory, building a support team you can rely on, tracking accounts and expenditures, watching cashflow, and so much more.

Small Oversight, Big Headache

You've built your business from the ground up. Your honesty is known throughout the community, your employees respect you and know what you expect from them. Things seem to flow pretty smoothly despite the chaotic times indicative to your trade. But you still seem to not have enough money to effectively run the shop the way you'd like. This is a common concern and its underlying problem is usually the same. It is the subtle difference between cashflow and profit and it can stand in your way of successfully running your business.

In Need of Cash

Profit is something you see on paper. Your balance sheet shows that your expenses are lower than your invoices, so it is easy to believe things are fine. Your balance sheet may not be taking into account which invoices are paid in full, thus leaving you to believe there is enough capital to pay for that repair on a hydraulic lift or a faulty air scrubber. Often times entrepreneurs in a similar situation would use a small business loan to make up for the missing money until the bills are received. In this economy, however, obtaining a traditional loan can be a very lengthy process and tightened restrictions are in place at nearly every bank. A better option for your automotive shop is a Merchant Cash Advance.

Not a Loan. It's Better

A Merchant Cash Advance can solve your cash flow problems better than a loan. And, unlike a loan, you can use an advance for whatever you need. There are fewer restrictions, a faster approval period with most applicants getting their cash in days, and a repayment method that is linked with how well your shop is doing. With a small business loan, if one can be obtained and within a time period to allow it to be of use, you have to pay an exact amount each month without regard to how well the shop is doing. With a Merchant Cash Advance a small percentage of credit and debit card transactions is automatically collected when the accounts are settled. Once your advance is paid off, which often happens in under a year, that's it. You can get the money you need now, use it how ever you need, and it gets paid off automatically whenever a customer uses plastic to pay their account.

Contact Fastpoint Now

A Merchant Cash Advance is your solution. Fastpoint Financial can get you your cash fast thanks to their streamlined application process and friendly customer support. Don't delay receiving the capital you need to fund your shop any longer by dealing with a loan officer. Contact Fastpoint Financial today to start your simple application for a Merchant Cash Advance.