Small General Car Repair Shop Financing Options


Small General Car Repair Shop Financing Options

For people with a lot of money saved up, the only obstacle to starting their General Car Repair Shop is coming up with a viable idea. But many aspiring General Car Repair Shop owners have the opposite problem - the idea is there, but the capital is not.

So what is a would-be small General Car Repair Shop owner to do? There are plenty of other options to help you fund your new venture. Here are some options:

  • Online lending. Online lenders have the advantage of speed: An application takes only up to an hour to complete, and a decision and the accompanying funds can be issued within days.

  • Factoring / invoice advances. Do not want to take out a loan? Services like factoring and invoice advancing may help ease growing pains for small General Car Repair Shopes.

  • Product presales. Selling your products before they launch is an often-overlooked and highly effective way to raise the money needed for financing your General Car Repair Shop.

  • Friends and family. If you have a friend or relative with some spare cash, you have another potential way to finance your General Car Repair Shop.

  • Side business. New General Car Repair Shop owners can try "double-dipping" as a means of funding their startup.

  • Home equity loan. For homeowners that have equity —the home's value minus what you owe —a home equity loan is a great option for financing a small General Car Repair Shop.

  • Selling assets. Sometimes, you may have a financing method and not even realize it at first. By selling your car you may have the money for your startup General Car Repair Shop.

  • Credit cards. Credit cards are among the most readily available ways to finance a startup, and can be a quick way to get your business up and running.

  • Angel investors. Angel investors have helped to start up many prominent General Car Repair Shopes.

  • Venture capitalists. For small General Car Repair Shopes that are beyond the startup phase and already have revenues coming in, a venture capital investment may be appropriate.

  • Winning a contest. Sometimes, businesses can benefit from a bit of luck.

  • Renting out your home. Cutting out liabilities is another creative way for new General Car Repair Shop owners to fund their startups.

  • Crowdfunding. Crowdfunding on websites like Kickstarter and Indiegogo can give a big boost to the financing aspirations of small General Car Repair Shopes.

  • Grants. If your General Car Repair Shop focuses on a scientific or research-oriented field, grants from the government may be able to help fund your company.





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Opening A General Car Repair Shop

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