Working capital for auto repair, body, tire and collision shops — for lifts and diagnostic tools, parts, technicians and a new bay or location.
Not enough bays or techs means work going to the shop down the street.
A new lift or diagnostic system is a big check to write at once.
Bigger jobs tie up cash until the car leaves the lot.
By the time the paperwork is done, the busy season is over.
An auto repair shop bringing in about $75,000 a month is turning cars away and wants $45,000 for two new lifts and a diagnostic system. The owner applies online, sees the options the same day, and the equipment is installed within the week.
Illustrative example — not a real client, and not a quote or a promise of approval.About 2 minutes. Basic business info and your recent bank statements.
As fast as 10 minutes. Soft credit check only — no impact to your score.
Same day once approved, straight to your business account.
Yes. Equipment, parts, hiring and expansion are all common uses — it's working capital for your shop.
No. Collateral isn't required.
No. We run a soft credit inquiry to pre-qualify, which doesn't affect your score. A hard inquiry may happen at funding.
No. Clovex provides revenue-based financing — capital based on your business revenue, with a fixed payback.
About 2 minutes. No impact to your credit.
