SMALL BUSINESS LOANS FOR CAR DEALERS & AUTO REPAIR MECHANICS
Eagle Ridge Capital works closely with auto dealerships providing them with accounts receivable loans. We do understand that it’s typical for car dealerships and auto sales businesses to have up to 75% of their assets tied up in inventory (new cars, trade-ins, and spare parts).
The auto sales industry can be very competitive in certain markets and dependent on national advertising campaigns where car manufacturers promote certain vehicles at discount prices for specific periods. Think President’s Day car sales or New Years’ clearance drive away sales.
Car dealerships often need small business loans to pay dealership fees and other expenses to keep them going when sales are temporarily slow. Eagle Ridge Capital also understands that auto dealerships require short term business funding when more buyers are trading in their cars. The profit on a new vehicle is contained in the trade-in car and until sold, the profit to the auto dealer is unrealized which can create cash flow challenges.
Many of our best long-term clients are also in the auto repair business. These family-owned shops are a big part of what makes America great. We’re proud to support these businesses with merchant cash advances and help them through slower seasons as they compete against large national chains.
You Could Be Approved For Business Financing!
Who Is Eligible?
Are you opening additional stores, offices, or facilities? Purchasing inventory or equipment? If you are expanding into new markets, acquiring a new location or just making renovations, we’re here to help.
Must be open, operating, and have been generating at least $5,000 or more in sales per month for at least 3 months. You must be a U.S. citizen and be conducting business in one of the fifty states.
Receive amounts of $5,000 to $500,000 upfront! Our application process can get you approved in 24 hours, even for those who have been declined by a bank. Plus, with fixed or flexible payments.
HOW IT WORKS.
Success stories from our clients.
I can't thank Eagle Ridge Capital enough for helping me save my business. The bank cut my business credit line and would not approve me for an additional loan but Eagle Ridge Capital was able to give me enough capital to make my payroll and pay my lenders. Thanks for helping me out.Maria T.
Expert assistance, fast and easy process. Merchant Cash Advance from Eagle Ridge Capital helped me out when I needed it the most. We will definitely be using Eagle Ridge Capital again and Thank you again.
My business was struggling at the time I met Derrick at Eagle Ridge Capital. I had major trouble getting a business loan from my local bank.Eagle Ridge Capital was there for me and my partners and, with their help we managed to overcome our worse year of business. Thank you.MARK G
We were surprised at how easy and painless it was to get a business advance from Eagle Ridge Capital. They helped us all the way through the process and made our life much easier. We needed the money fast and we got the money fast. We recommend them any day. Thanks a lot.Jean