Auto Body Shop Used Equipment Commercial Business Financing

Auto Body shop used equipment commercial business financing and loans are available in today’s financial market. This is an alternative to raising conventional working capital. This auto body shop commercial and business financing program is based upon free and clear assets and not free and clear assets which are analyzed by lenders in order to determine a qualifying lending base..

The kinds of qualifying used equipment could include the subsequent:

Machinery and equipment, assembly and production line, trucks, machine tools, computers and peripherals, communication and telephone equipment and possibility some office equipment.

Several auto body shop assets have accumulated a tremendous amount of machinery, equipment, trucks and tools. The banks will inspect at these assets, whether they are free and clear or not..

The amount of auto body shop commercial business financing, working capital and loans could approximate $100,000 for this program and up to $5,000,000 for truly free and clear assets.

The following information is required to get the auto body shop applicant this type of working capital deal funded:
1) Filled out and signed and dated application
2) All pages of your last six months business bank statements
3) A detailed list of your equipment that you own free and clear and not free and clear. That can be generated from a 2010 detailed depreciation schedule .
4) A complete copy of your 2009 business tax return
5) A submission of interim financial statements for 2010
6) A copy of your business lease
7) A copy of the driver license of the owners.
8) Must be in Business at Least One Year

As well, the conditions of these auto body shops and line business loans usually run up to five years in duration. These loans are asset driven but business and personal credit is examined as well. It is suggested that the owner’s personal credit score should exceed 620…

The approval process takes roughly five to seven business days after the compulsory information is submitted.

Once approved, the funding could happen in as little as three more business days..
In addition, we have other free and clear auto body shop used equipment financing programs up to $5,000,000 and conventional financing for new equipment additions up to $250,000 or more.

If you have any more questions, give us a call at 800-760-6863

Happy hunting for your auto body shop used equipment commercial business financing.

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J.M Luna has over thirty years experience in the financial field. This includes financing, hard asset money and commercial lending. U.S Corporate Capital Leasing assists the start up and seasoned businesses for all their auto repair shop acquisition and financing needs. www.cclgequipmentleasing.com/lease_equipment.htm www.cclgequipmentleasing.com/work_trucks.htm

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