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Small Business Loans and Merchant Financing for Auto Shops + Mechanics

Our small business financing options give you quick, easy access to money. Speak with us to find out which option is best for your business.

Auto

Auto Shops + Mechanics
Industry
Auto

Auto Shops + Mechanics Financing

For auto shops and mechanics, managing cash flow through the slow season is key to your success as a business. A cash advance or term loan will give you the funds to manage the seasonal highs and lows while staying competitive in a demanding and competitive industry.  

Our financing programs will give you easy and quick access to money. Let's work together to see which product is right for your business.

Term Loan

The stress-free small business loan alternative
We give you the money you need today, and an agreed upon payment is remitted from your bank account until the loan is paid off.
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Merchant Cash Advance

THE FLEXIBLE SMALL BUSINESS LOAN ALTERNATIVE
We give you the money you need and you repay us over time through a small percentage of your daily credit and debit card sales.
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Am I eligible?

Yes, if you meet these four criteria:
  1. Cash Advance: $5,000+ in Visa, MasterCard and/or debit sales. Microloan: $100,000+ in annual sales.
  2. Your business has to be in operation for at least six months.
  3. No home businesses - You must have a storefront or professional office space and have at least 12 months remaining on your lease.
  4. No open bankruptcies - Bad credit isn’t a problem—many of our customers have less than perfect credit scores, but we cannot accept applicants with open bankruptcies.
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Am I eligible?

We only have four criteria:

  1. You must have annual gross sales of over $100,000 
  2. Your business has to be in operation for at least 6 months.
  3. No start-ups, construction, home businesses, online businesses, funeral homes, furniture or jewellery stores and cheque cashing businesses. You must have a storefront or professional office space.
  4. No open bankruptcies
    Bad credit isn’t a problem—many of our customers have less than perfect credit scores, but we cannot accept applicants with open bankruptcies.

For other important information about applying to iCapital, and about our products, read the FAQs below.

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