The automotive industry is rife with technological innovation. Automotive businesses must keep in step with the latest advancements in the industry if they wish to succeed. Depending on conventional financial institutions for capital needs could prove to be time consuming and laborious. Merchant cash advances like the Mantis Funding cash advance are perfect for various automotive businesses looking for immediate cash advances to meet the numerous requirements that crop up as a business grows. Given below are a few such automotive businesses. Business #1 – Mobile Car Washing Services
There are thousands of car washing businesses in the US alone. The demand for car washing services is at an all-time high, and this business grows by a good margin every year. However, although the potential is high for such businesses to succeed, it still requires a considerable amount of capital investment, which can be procured from Mantis Funding. Small businesses and new business owners are often denied cash advances by conventional financial institutions for lack of an impressive credit score. However, at Mantis Funding, a credit score is not a factor that would affect the approval of a cash advance application. Business #2- Tow Truck Services Tow truck services are most often required when accidents occur or when parking rules are enforced. The basic costs involved in setting up a business offering tow truck services include the cost incurred in buying tow trucks, fuel and garage costs, costs for repair and maintenance of the trucks, insurance, and compliance costs, and the costs incurred in maintaining a staff. The repair and maintenance costs could crop up at any time and must be immediately met, so the business doesn’t suffer. Merchant cash advances from Mantis Funding are the best sources of cash advances for these needs as they are usually approved within three days! Business #3- Driving School Businesses that teach learners for their license tests, or people looking to drive heavy vehicles or specially-abled people to drive vehicles have a never-ending demand in the market. In addition to procuring a vehicle of every kind and a space to park these vehicles in, business owners of driving schools should also ensure they obtain the permits mandated by the state(s) in which they operate. The cash requirements to set up a driving school can be best met with Mantis Funding cash advances specifically meant for automotive businesses. Business #4- Used Car and Spare Parts Dealer Used cars are preferred by driving schools, cab companies, and people looking for a good ride at an affordable price. A vehicle changes hands 3 to 4 times in its lifespan, and that is the success of used car dealerships. When a car has reached the end of its lifespan, these dealers salvage parts that are still usable and resell them to those looking for them. The two can be run in tandem with a steady influx of Mantis Funding cash advances to maintain the vehicles and the parts and keep the documentation updated. Business #5- A Complete Service Station Service stations that offer complete services are most successful in semi-urban areas far from the cities where there are different service stations for different services. From car wash to battery reconditioning to headlight restoration to windshield repairing to window tinting, everything under one roof! With Mantis Funding cash advances, you can take your business to greater heights and expand into areas you wouldn’t have dreamt of before. That’s the freedom of opportunity if you have adequate funds in your business bank account.
0 Comments
Leave a Reply. |
|