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San Diego Mechanic Funding

Smart Financing Solutions for Automotive Repair Shops in San Diego, CA

Opening an automotive repair shop in San Diego can be greatly profitable, given how much we depend on our cars for daily transportation. That being said, there are many upfront costs you have to take care of before you can start handling customers directly. Traditional lenders and banks may turn your application for funding down, and even if you are approved for financial support, you could be losing thousands of dollars in the time it takes to hear back.

At Fidelity Advance, we know that time is a precious thing for automotive repair shop owners, and we want to see your garage lined up with customers as much as you do. Our financial advisors can consult with you to figure out a smart funding solution for your small business, supporting you at any stage of your operation.

What Can Fidelity Advance Do for Your Auto Repair Shop?

Running an auto repair shop demands a lot from small business owners. Fidelity Advance can help you make ends meet and keep the revenue flowing by ensuring the smooth operation of your day-to-day business. The funding we give you is to be used at your discretion for any purpose, as long as it helps your business grow. Our financial support might address:

  • Finding a garage and/or building that accommodates your customers' vehicles
  • Taking on new employees and training them, including mechanics with specialized knowledge
  • Buying new repair equipment and maintaining current equipment
  • Maintaining a reliable inventory of replacement parts

Our funding advisors can help you find an intelligent solution for the long-term growth of your auto repair shop, whether you need a quick lump sum payment or a line of credit to borrow over time.

The Right Financial Solution for You

Every auto repair shop presents a unique financial situation depending on your customer base and how long you have been in business. As such, we offer multiple kinds of funding to suit your needs, including:

  • Term loans. A term loan is a lump sum of money that is paid off by a certain date, or term. Borrowers pay back the lender at regular increments, such as every week or monthly. You might consider this option for high-cost expenditures like an expansion to your building.
  • Equipment loans. An equipment loan allows you to rent out specialized equipment with a down payment, and eventually come to own that equipment once you have finished paying it off. This could be a worthwhile investment for heavy machinery like car lifts.
  • Business line of credit. A business line of credit allows you to borrow from a lender as needed, with regular repayments. If you have to make routine purchases for auto body shop, this could prove to be a convenient option in lieu of taking out a new loan each time.
  • Merchant cash advances. A merchant cash advance (MCA) lets you withdraw a lump sum amount that is paid off from a percent of your revenue. This could be a favorable option if you are anticipating a busy season, like a rush of customers needing repairs in the summer.

Figuring out what your business needs is not always obvious. A funding advisor at Fidelity Advance can advise you of the most viable option for your automotive repair shop based on your financial situation.

Meet with a San Diego, CA Automotive Repair Funding Advisor Today

In a busy city like San Diego, there is a consistent demand and customer base for auto repair shops. If your shop has run into financial trouble, Fidelity Advance serves as an alternative to traditional banks with our quick and easy applications for funding. If you have any questions about how our funding solutions can help your shop, contact us online or call at 888-316-2246.

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