Starting your own small business can be daunting, challenging, and exciting all at the same time. It takes guts, gumption, and enough capital to get started. A bank loan will probably be your first choice to secure funding. But what if you need money fast or your credit score isn’t as impressive as you’d like? This is where specialized car equity loans Halifax Nova Scotia comes in.
How an Auto Title Loan Can Help Your Small Business
- They don’t care why you need a loan. It can be difficult to convince traditional lenders to fund your venture when all you’ve got is a business plan. Title loan companies don’t need to know why you need the money. They only need collateral.
- It’s easy to qualify for a car pawn loan. Bank loans have numerous requirements, and the fact that you haven’t launched your business yet or it isn’t generating a stable revenue could be counted against you. It’s different with title loans. They have fewer requirements, and the most critical one is owning a vehicle to be used as collateral.
- You retain possession of your car. Even though your car will serve as collateral, it will remain with you. The only thing you’ll surrender to the lender is the title of ownership. This means you can still use your car to get to work, to deliver your goods to your clients, or to expand your business.
Lowest Interest Rates in the Industry
Need a little financial help? Canadian Equity Loans can help get you out of trouble. You can borrow as much as $50,000 in loans, without worrying about mandated credit checks. They also offer low-interest rates, affordable monthly fees, and early repayment without penalties. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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