Having a business is part of many people’s dream. America is full of stories about self-made business owners who started from nothing but were able to parlay perseverance, hard work, and a good idea into successful businesses. The funding part is what trips up many people, causing them to put their dreams on hold. However, instead of letting the lack of a few thousand dollars crush the spirit of your entrepreneurial, you should consider car title loans as an alternate source of capital.
Step By Step Guide for Using Car Title Loans to Start a Business
Submit an Application. Many lenders offer auto title loan online. Therefore, all you have to do is find a place that offers satisfactory rates, requirements, and terms. You can complete your application online. To be considered for car title loans, you must be at least 18 years old, insured, employed, own a vehicle that’s less than 10 years old and does not have an existing lien, and be able to supply personal references.
Wait for Approval. Once you submit your application, a loan professional will verify your information to ensure that everything is correct. Thanks to the speedier verification procedures and the Internet, applying for them online means you get a quick turnaround time. Depending on the lender you choose, you can have an answer within an hour.
Receive Funds in your Bank Account. Upon approval, your loan amount will be sent to your bank account through electronic transfer. Normally this happens on the same business day. Specifically if your approval goes through or on the next business day after your paperwork has been processed.
Start Building your Business. Businesses usually revolve around providing services, labor or selling products to other people, so you have to ensure you have all the necessary equipment on hand. For example, you might need to buy some landscaping tools and lawnmower if you intend to offer yard services or you might have to buy rollers, ladders or paintbrushes for your painting business. And don’t forget the advertising costs. Fliers and business cards are a must if you want people to know you exist. You can make use of the money to pay for these things.
Payback your Debt Promptly. While building your business in your free time, you should continue going to your normal job so you can make your monthly payments by the end of the month. The penalties for defaulting on car title loans or missing payments include notations in your credit report, late fees and repossession of your vehicle.
Some of the largest corporate successes in America? They were built up from humble beginnings. This should serve as a reminder not to abandon business ideas due to lack of money. If other avenues are not open to you, check out car title loans as a means of getting cash for your startup. You can obtain car title loans from TFC Title Loan today!
DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.
Trading Financial Credit, LLC may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. Trading Financial Credit, LLC does not offer or service student loans. California loans are made or arranged pursuant to a California Financing Law License : 603-8192. Arizona: Loans made pursuant to Arizona Department of Financial Institutions.
New Mexico: Loans made pursuant to New Mexico Regulation and Licensing Department Financial Institutions Division Small Loan Company License. Small Loan License 02069
*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.
*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.
*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.
*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.
*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.
*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.
*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.
*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.
*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.