Traditional lenders like banks often consider automotive dealer loans to be “high risk” because vehicle sales are large, high-ticket transactions that are subject to higher than average sales volatility. Profit margins are also thinner, and vehicle inventory depreciates rapidly. This can make it difficult for your dealership to get the funding you need from a traditional lender like a bank or the Canada Small Business Financing Program.
With a streamlined online application, faster turnaround, and flexible approval requirements, Greenbox Capital is able to approve more car dealer funding. We provide a variety of alternative auto dealer funding options to help drive your automotive dealership’s growth, with funding from as low as $3,000 up to $500,000. We fund all automotive businesses, including independent dealerships, used car dealers, repair shops, service centers, and more.