COVID-19 has forced thousands of small businesses to limit their operations, cut down on manpower, or worse, close shop forever. While Canada is handling the pandemic better than its neighbors, there’s no clear timetable to when things will return to normal. Because of this, smaller companies might need the help of financial services like car collateral loans Calgary Alberta.
Why Your Business Needs an Auto Title Loan
- Augment Reduced Cash Flow: Almost all businesses saw revenues drop during the pandemic. A short-term loan will ensure you have the cash you need to replace earnings, pay bills, and prepare for the time you can open shop.
- Help Pay Rent and Utilities: Utility companies, vendors, and your landlord might be more understanding when it comes to due dates, but they still expect to receive money from you. A title loan can help you keep up with the bills while protecting your credit score.
- Meet Payroll Demands: As a caring and responsible employer, you also need to protect your employees. They’re also in a difficult place because of the coronavirus. Applying for a secured loan can go a long way in keeping your staff paid. It will also prevent you from worrying about staff resignations and replacements.
- Inventory Care/ Storage: Even if your store is closed or operating sporadically, you still need to maintain the office and equipment. You also need a secure space for your inventory. Get cash using your vehicle and use it to ensure everything will be ready when you need them.
Lowest Interest Rates You Can Find
Canadian Equity Loans can help you anytime. You can borrow as much as $50,000 without worrying about credit or employment checks. They offer low-interest rates and affordable monthly payments. They also accept early payouts without penalties. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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