Auto Dealer Funding

Sales of new & used vehicles are expected to exceed $1 trillion by 2020. Keep up with demand & fuel your dealership’s growth with up to $500,000 in funding in just 24 hours.

Automotive Dealer Financing You Can Trust

Because vehicle sales are large, high-ticket transactions that are subject to higher than average sales volatility, traditional lenders like banks often consider automotive dealer working capital loans to be “high risk”. 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.

As an alternative lender, Greenbox Capital® is able to approve more automotive dealer working capital loans. We provide a variety of small business funding options to help drive your automotive dealership’s growth, with funding from as low as $3,000 up to $500,000.

Auto Dealer Funding

Car Dealer Funding Solutions

We fund all automotive businesses, including indepedent dealerships, used car dealers, repair shops, service centers, and more. Our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your dealership’s goals without sacrificing cash flow.

Merchant Cash Advance

You’ll receive working capital now, and we’ll receive a percentage of your daily or weekly credit card sales until the terms of the advance have been met. Ideal for businesses with a high volume of credit card sales.

Merchant Cash Advance
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Small Business Loan

Our business capital loans are typically between $20,000 and $60,000, but start as low as $3,000 and reach as high as $500,000 depending on the needs of your business. Ideal for businesses seeking short-term financing to grow.

Small Business Loan
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Collateral Loan

A secured loan that uses commercial real estate to reduce the cost of the loan. Ideal for businesses looking for longer-term funding options.

Collateral Loan
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Business Line of Credit

Borrow as much or as little as you need, draw and repay as you go, and pay interest only on the portion of money you borrow. Ideal for businesses looking for flexible funding.

Business Line of Credit
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How To Use Automotive Dealer Working Capital Loans

Consumers are choosing to keep their vehicles longer, opting to repair their cars instead of replacing them. To help meet the challenges posed by these changes in consumer behavior and other economic factors, many automotive dealers are focusing on building customer loyalty and retention by expanding their used vehicle departments or offering aftermarket services such as financing, insurance, and vehicle maintenance and repair.

Use your automotive dealer funding to:

  • Purchase more inventory—inventory is one of the largest expenses for car dealerships
  • Upgrade or renovate your dealership’s showroom to offer a more comfortable customer experience
  • Increase dealership marketing to bring in more customers
  • Expand your business to include a repair shop—in 2018, franchised dealerships alone wrote more than 310 million repair orders for service and parts totaling more than $116 billion
  • Offer buyer incentives, such as discounted or free oil changes for a year, warranty programs, or free roadside assistance in partnership with a local towing company

How Automotive Dealer Funding Works

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    Submit your 1-page application

    After you submit your application, a Funding Advisor will reach out to you within 1 hour (during regular business hours) to discuss your options.

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    Choose your funding

    Your Funding Advisor will work closely with you to determine which small business funding option will help you achieve your goals without compromising cash flow.

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    Get funded

    Once you and your Funding Advisor determine what funding option will work best for your automotive dealer, your funding can be approved and deposited within 24 hours.

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    Repay your funding

    Repayment terms will depend on what kind of automotive dealer working capital loan you use. Terms are set in advance so you know what to expect and can plan accordingly.

Will You Qualify?

Approval for automotive dealer funding from Greenbox Capital isn’t based on your credit score alone. Here are some factors we consider:

  • Business revenue
  • Cash flow
  • Vendor payment history
  • Years in business
  • Public records

Why Get Funded by Greenbox Capital?

When you apply for automotive dealer funding from a bank, you’ll have to complete a long application and supply up to a year’s worth of detailed financial records. The process can take months with no guarantee of approval. With our streamlined application process, you can get funded in just 24 hours.

Because we are an alternative lender, Greenbox Capital is able to approve more loans. Our loan requirements may be lower, but we always have your best interest at heart, and will never over-leverage your business by giving you more funding than you can manage. Plus, our dedicated and knowledgeable Funding Advisors will work with you throughout the funding process and are always standing by to answer any questions you might have along the way.

Auto Dealer Funding Q&A

Q: I’m going to a car auction and need to restock my used car lot. What type of working capital loan is available?

A: There are several options that may work for you, including a merchant cash advance. To identify the right solution, you should speak with one of our knowledgeable Funding Advisors.

Q: Do you offer floor plan financing?

A: No. Unfortunately, we do not provide automotive dealer funding for floor plans.