Blog posts tagged with "Auto Business Loans"

Even car owners that take pristine care of the vehicles need the help of an auto repair business at some point. The auto mechanics industry produces $64 billion in revenue, making it evident that consumers require auto care services.

When you shop around for a small business loan, you may find three types of loan maturation time periods. Short-term loans are one year or less, intermediate term loans are one to five years, and long-term business loans can range from three to 25 years.

When you own a small business, how you afford your expenses can make a bigger difference than you may think. Not only does a business credit card allow you to readily track and evaluate your business-related expenditures, many cards offer the opportunity to earn cash back on purchases — a perk that can help boost your net income over time. Plus, if you struggle with cash flow, having a credit card can give you a cushion to make purchases when you’re waiting on customer payments.

As an auto repair business owner, you know how important it is to have a team of skilled and knowledgeable employees. When customers come to your business, they’ll expect your employees to know how to assess auto problems, recommend repairs, and ensure that their vehicle is safe and ready to get back on the road. That’s why it’s important to put in the time to recruit the best possible employees.

Running a transportation business can be an exciting venture, but it’s important to make sure that you have enough funds to continue growing your operations.

If you’re interested in growing your auto repair business, find out how applying for working capital can make your goals a reality. With these four ideas, you can invest in aspects of your business that will in turn help you grow your operations.