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The Ultimate Guide to Auto Repair Funding Solutions

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Auto repair loans are for those with difficulty paying their debts. They are a useful way to fund automobile repairs and may be used instead of a standard loan. Understand Your Financing Options We'll get into particular sorts of funding later, but in general, corporate finance is divided into two major categories: Short-term financing is used to finance anything for a year or less. This sort of financing frequently involves a line of credit like a small business line of credit , which allows you to access funds as needed.  Long-term finance is used for larger projects, such as purchasing new expensive equipment or funding the acquisition and construction of a new facility. These loans often take the form of installment loans with set monthly installments.  The goal here is to match the funding to your business requirements. (You've undoubtedly witnessed finance mismatches with your clients who have a vehicle that is no longer under warranty but still owes far more than the car