Cash Advance Loans for Car Dealers | Auto Dealer Funding
If you are a new or used car dealer looking for funding to finance an expansion, or simply pay down existing debt, consider a business loan from The Transaction Group’s (TTG’s) banking partners.
Advantages Over Traditional Business Loans
When it comes to loans for existing businesses, including car dealerships, banks and lenders are typically extremely cautious before lending any money. Their loans are based on the business’ assets. If an auto dealership or used car business does not have a specified amount of assets or it carries significant debt, obtaining a loan can be next to impossible.
We fund cash advance style business loans. Our funding is based on your future sales, and repayment is a percentage of your future monthly sales. Unlike traditional loans, there is no fixed repayment schedule, which offers you increased flexibility during months when sales are slow.
Most banks place strict requirements on business loans, including the allocation of funding. With TTG’s banking partners, car dealers are entitled to use the funds for any purpose that they see fit.
Having poor credit can immediately disqualify borrows for business loans. But our banking partners gladly approve funding for business owners with bad credit.
Car Dealership Business Loan Requirements
As long as the owner or principal of the automobile dealership has a credit score greater than 480, we can issue a cash advance business loan.
The gross monthly sales of the business must be greater than $5,000.
The business must be located within the United States, and have been up and running for at least 6 months.
In most cases, approvals and funding are much faster than traditional business loans.
Our streamlined application will also save you time and frustration.
Call us today to learn more at 888-383-8056 or email us at sales@thetransactiongroup.net. We hope we can help with your dealership financing.
Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?Â
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.
