Comprehensive Guide to Business Funding for New Car Washes, Gas Stations, and Convenience Stores
ONE APPLICATION UP TO 5 DIFFERENT LOANS – “ALL-IN-ONE”
Starting or expanding a car wash, gas station, or convenience store requires substantial capital not to mention daunting. Liberty Capital offers five main types of funding solutions—commercial loans, term loans, equipment leases, lines of credit, and merchant cash advances—all accessible through a single application process, single point of contact. With over 20 years serving small businesses nationwide, your dedicated funding advisor will be your main source for all your funding needs. They’ll give you access to the top 5 every business loans owners should consider under one roof.
1. Commercial Loans
Definition: A commercial loan is a debt-based funding arrangement between a business and a financial institution, like a bank or private lender, typically used for major capital expenditures and operational costs like building, warehouse, or property investments.
Benefits:
- Large funding amounts available
- Long repayment terms
- Competitive interest rates
Use Cases:
- Purchasing property for a new gas station
- Building a new convenience store
- Major renovations or expansions
- New location from ground up to working capital for new car wash, gas station.
2. Term Loans
Definition: A term loan is a monetary loan that is repaid in regular payments over a set period of time, typically used for significant, one-time investments. Term is typically a closed-ended loans. Unlike business line of credit, term loan has ending which give them the opportunity to reapply for additional funding.
Benefits:
- Fixed interest rates and predictable monthly payments
- Flexibility in loan terms
- Suitable for large, upfront purchases
- Leverate future sales into today’s dollar- dollar today is worth more than a dollar tomorrow.
Use Cases:
- Buying high-end car wash equipment
- Expanding an existing gas station
- Remodeling a convenience store
3. Equipment Leases
Definition: Equipment leasing allows businesses to rent equipment for a specified period, with options to buy at the end of the lease term.
Benefits:
- Lower initial costs compared to purchasing
- Flexibility to upgrade equipment
- Potential tax benefits
- Inflation buster – why use cash when you can make payments.
- Interest is deductible.
Use Cases:
- Leasing car wash systems
- Leasing fuel pumps for a gas station
- Leasing refrigeration units for a convenience store
- Financing car wash equipment that can be upgraded every 5 years – sell or trade in the old one.
4. Lines of Credit
Definition: A line of credit is a flexible loan from a financial institution that provides a maximum loan balance, which you can access as needed.
Benefits:
- Only pay interest on the amount used
- Flexible access to funds
- Helps manage cash flow
Use Cases:
- Covering operational expenses
- Managing seasonal fluctuations
- Handling unexpected repairs or maintenance
- Use for inventory, working capital and payroll
5. Merchant Cash Advances
Definition: A merchant cash advance provides businesses with a lump sum of capital in exchange for a percentage of future credit card sales.
Benefits:
- Fast access to capital
- Repayment is tied to sales, reducing pressure during slower periods
- No fixed monthly payments
Use Cases:
- Quick funding for urgent needs
- Stocking up inventory
- Marketing and advertising campaigns
- Excellent for sub-prime credit with strong revenue.
- Work with the right loan broker that is there to help due to their fiduciary duty as a licensed small business loan broker.
How Liberty Capital Can Help
Liberty Capital simplifies the funding process by offering all five types of financing under one application. Whether you’re starting from scratch or looking to expand, our experienced team will work with you to find the best financial solution tailored to your needs.
Key Benefits of Partnering with Liberty Capital:
- Streamlined application process
- Personalized financial solutions
- Competitive rates and flexible terms
- Over 20 years of industry experience
Steps to Secure Funding with Liberty Capital
- Initial Consultation: Discuss your business needs and goals with a Liberty Capital advisor.
- Application: Submit a single, comprehensive application to explore all available funding options.
- Review and Approval: Liberty Capital will review your application and provide tailored funding solutions.
- Funding: Once approved, receive the funds and start building or expanding your business.
- Support: Ongoing support from Liberty Capital to ensure your business thrives.
With Liberty Capital, you can confidently pursue your dream of opening or expanding a car wash, gas station, or convenience store. Our comprehensive funding options and experienced team make the process smooth and efficient, ensuring you have the capital needed to succeed. Contact Liberty Capital today to get started on your business journey.
Why Choose Financing with Liberty Capital Group, Inc.?
Financing Application Only up to $250,000
Easier to get than a traditional business loan
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Advantages of Choosing Liberty Capital Group, Inc.
When it comes getting the right loan, you must first work with the right business loan broker like Liberty Capital Group, Inc. We offers several advantages over traditional lenders:
Bank Hopping for Equipment Loans: Why It’s Time-Consuming and How Liberty Capital Can Help.
Searching for the right equipment lender especially if you’ve already been turned down by your bank, by hopping from one bank to another just trying to figure out whether they will approval you can be a time-consuming and frustrating process, especially if you have challenging credit. Each application involves time-consuming paperwork and potential rejections. If you get turned down, how many more lenders will you apply to before seeking better options from a loan broker?
Special Financing programs
- $0 Down for qualified lessee
- 1 Advance Payment
- 90-day deferred payment
- $1 buyout, no prepayment penalty
- Monthly payment up to 5 years
- Equipment finance Agreement
- Low Admin and doc fee
- $99 for first 6 months
Working with an equipment loan broker like Liberty Capital can streamline the process, saving you both time and money. Brokers have access to multiple lenders that can structure any credit profile specific to you, even if your credit is less than perfect. With their expertise and network, brokers can navigate the complexities of loan applications and increase your chances of approval. You may not know all the intricacies of equipment financing thus a loan broker will be able to help you navigate.
So why go through the hassle of bank hopping when Liberty Capital can do the work for you, ensuring you get the best possible deal?
What do I need to apply?
- ONLINE APPLICATION:You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
- Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
- Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Equipment financing is vital for businesses that need expensive equipment to operate efficiently. Companies in construction, manufacturing, healthcare, and other heavy equipment-intensive industries benefit significantly from these financial solutions. Understanding the options and working with top financing companies can help businesses acquire necessary equipment while managing cash flow effectively.
When it comes to equipment financing, Liberty Capital Group, Inc. offers several advantages over traditional lenders:
- Corp-Only Availability: We cater exclusively to corporations, providing tailored financing solutions for businesses. Corp-only doesn’t apply to start ups. Corp-only doesn’t substitute for having bad credit. Corp-only doesn’t automatically apply because your company is corporation or LLC.
- Up to 120% Equipment Cost Coverage: Our financing options can cover not only the equipment cost but also associated soft costs.
- Flexible Funding Amounts:Access financing ranging from $250,000 with a simple one-page application to $5,000,000 with full financial statements.
- Quick Approval Process: Benefit from next day funding approval, ensuring minimal downtime for your operations.
- Approved Equipment Vendors:We work with approved packaging equipment vendors, streamlining the acquisition process for our clients.
- Lowest Industry Rates: Enjoy competitive rates for qualified borrowers, reducing the overall cost of financing.
- Eligibility for New and Used Equipment Financing: Whether you’re purchasing new or used equipment, we’ve got you covered.
- Minimal Impact on Personal Credit: Our equipment financing solutions do not appear on personal credit reports, preserving your personal credit history.
- No Early Payoff Penalties: Enjoy the flexibility of paying off your equipment financing or leasing early without incurring early payoff penalties.
Are you an Equipment Vendor??
If you sell new or used trucks, trailers or machinery including medical equipment, we’d love to partner with you to offer highest approval rate for your clients. Our goal is to get them approved no matter what their credit profile might be. Working with Liberty Capital will give you a wider credit window so you can stop shopping for your clients. We do soft-inquiry for each applicant.
1. Check out how you can grow your vendor business using our financing options. View our credit guidelines here.
2. Download our equipment vendor package here.
All we need from your clients is a simple application.
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in crane and boom truck and equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
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