You might have a tire shop that yields good monthly income. You are happy that your revenue is steady. However, wouldn’t you be happier if you multiplied your tire business revenue? Now, don’t tell me that you don’t have the required funds to do that. You don’t? Why worry when we are here to help you with it?
This particular blog is your tire shop financing guide. It doesn’t matter if you do not have a credit score, bad credit score, or no collateral. We will get you funding through this blog, that we promise.
Get Bad Credit Loan for Tire Shop Financing
You would want to expand your tire shop business by upgrading technology, adding newer services, and marketing to a wider audience. You will need a good amount of funds to think of such an expansion. It’s half job done if you have got a good credit score, but what if you have a bad credit score?
In that case, you can prefer trusted direct lenders to finance your tire business. These lenders are not like traditional lenders who just care about your credit score. They analyze your revenue and your business history and offer tire shop financing based on that. All in all, your business should be at least a year old, and your business’s monthly revenue should be 15000 dollars or above to get funding.
Why Get Tire Shop Financing?
You can get a tire shop financing to expand your business to a higher level. However, here are the things you can invest in after taking out a business loan for your tire shop:
- Elevate your offerings: Improve your offerings by adding high performance tires to your shop. You can also add eco-friendly tires and tap a different segment of the market.
- Expand your services: You can expand your tire business by adding mobile tire repair services, tire inspections, battery replacement, wheel alignment, etc. These services will increase revenue and incur less marketing costs, as you can market them to your existing customers when they visit your store for tires.
- Upgrade Technologies: Invest in updated business technologies such as mounting equipment, inventory management software, etc.
- Market Your Business: If you haven’t already done so, then start investing in marketing. If you have already invested in marketing, then increase your budget to reach a wider audience.
- Cater to Customers: Give your customers a reason to always prefer your store over others. You can offer additional discounts, loyalty cards, etc, to win them over.
Preferred Lenders for Easy Tire Funding
There could be restrictions like credit check if you are going through traditional lenders. However, if you want a hassle-free loan process with no credit check, you should prefer direct lenders.
BusinessCapitalUSA is a trusted direct lender offering tire shop financing for business growth. We at BusinessCapitalUSA offer guaranteed approval and same day funding for businesses in need. You can apply for a business loan from us by filling out a simple application form.