Maintaining a good cash flow in the automotive business is sometimes very difficult especially when dealing with auto supplies and automotive parts. Having enough supplies is vital in order to provide essential services to customers and most notably, it is central to building your business. Purchasing auto parts and supplies might affect your daily cash flow, making your business operations even more complex; bearing in mind, this is a competitive industry where well-established retailers have a clear cash advantage particularly in the area of stocking supplies.
Obtaining financing from a traditional financial institution like banks can be very challenging since they demand guarantees, collateral, and good credit. Additionally, fixed loan repayments linked with bank loans can also hurt businesses in the automotive sector as the industry experiences fluctuations in sales from time to time.
Please note: Credit approval, requirements, and actual terms (including actual loan amount and rate), are subject to SBG and it’s affiliates credit standards and may vary by applicant
Achieve Your Business Goals Today!
SBG Automotive financing can...
- Provide financing for renovations to your business premises or for other areas of expansions.
- Finance your purchase of supplies, auto part, tools or equipment
- Provide necessary cash flow for employee salaries
- Anything your auto business needs.
Don’t eat up your cash flow purchasing automotive part, supplies, and equipment – let SBG Funding cover it! Contact us today.