Troy Business Group has experience in processing funding for all industries.
Listed below are just a handful of the most common industries we service. Please do not be alarmed if your businesses industry is not listed below. Please contact us directly and we can walk you through exactly how we can best serve your specific industry.
auto service repairs
The Auto Service Industry can benefit from financing in many ways. Companies operating, in this space use financing to cover things like marketing costs, new equipment, and expansion. The challenges are the same, whether the business fixes mechanical issues or repairs collision damage. Cars are ever-changing. As a result, the industry players that fix or repair these cars, need to be able to stay ahead of that curve.
Auto Repair industries’ challenges
The challenge businesses, in the Auto Repair industries, face, require them to maintain a “balancing act” of managing staff and inventory needs while simultaneously figuring out how to commit to overall expansion and business growth demands. For example, when customers come in with large repair needs, shops may not have enough cash to purchase all the new parts, pay for labor, while still keeping up with their daily operating expenses. Or what about simply wanting to take on multiple projects at once? Making repairs on multiple cars or taking on large projects can quickly tie up a shop’s cash. It is not to mention the fact that most shops are not paid, by their customers, until the job is complete.
With their cash tied up, shop owners will have to choose between paying their operating expenses and turning down a customer. Or, taking a customer and then struggling with their expenses. Owners should be able to do both, cover expenses while taking the new customer.
Auto Service Financing and Troy Business Group:
Troy Business Group can help make this possible with our suite of financing options. We here at Troy Business Group understand the nuance that the Auto Service industry faces. Therefore, we are here to work with every auto repair shop nationwide.