At CMS Funding, we understand how capital intensive operating a limousines and car rental business can be. That’s why we want to provide you with the small business loans you need to stay on your feet. Our company has extensive experience in getting limousines and car rental companies the financing they need to keep their business running. We can tailor business funding solutions specific to your situation to help you with your growing business.
About Limousines and Car Rentals
We at CMS Funding understand that limousine and car rental companies are always plagued by the high costs of maintaining their current supply of vehicles and purchasing new vehicles. On top of that, there are many facilities in vehicles that constantly need to be replaced such as carpeting, seating, outdated GPS systems and bar equipment. The constant advance of technology, normal wear and tear and the tendency for passengers to handle vehicles roughly make that a likely issue.
Since many vehicle rental agencies have vehicles of the same age and model, it is not uncommon for multiple vehicles to break down around the same time. When this happens, these rentals can find themselves with a shortage of working capital.
Limousines and car rentals must also be quick to provide the latest vehicle models to stay ahead of their competitors. However, maintaining and purchasing vehicles can be difficult at times due to high insurance premiums and seasonality. Without the funds for more vehicles, it is hard to maximize profits during the busy seasons. That’s why limousines and car rentals should invest in small business loans to get the funds they need to expand their business.
Benefits of Our Working Capital Loans
How can limousines and car rental companies benefit from our small business loans?
- Receiving funds to meet various business needs, e.g., increasing marketing budget, driving business expansion, paying for inventory, and fulfilling payroll needs.
- Hiring more staff to enhance efficiency.
- Purchasing more vehicles to maintain an up-to-date supply.
- Prepaying insurance to receive better discounts.
- Paying off bills on time, e.g., taxes, vendors, and other recurring costs.
- Upgrading equipment to boost overall operational efficiency and profitability.
- Since loan repayments are tied directly to credit and debit card transactions, business owners pay less when business is slow, and can pay off the balance business is booming.
What CMS Funding Offers for Limousines and Car Rentals
Below is a list of our key small business loan features:
- Funding up to $500,000
- Funding available within 24 to 48 hours
- Terms ranging from six to 24 months
- Non-obligatory application after consultation
- High approval rate
- No collateral required (unsecured loan)
- Low interest rates
- Simple one-page application
- Quick and easy approval process
- Automatic payments
- Excellent customer service
- … and more!
Get the Funding You Need to Grow Your Business Today
At CMS Funding, we make sure that you can receive our small business loans in the shortest time possibel. Whenever you need extra funds, simply apply for a working capital loan and we will provide it to you within 24 hours. Our funding programs come with competitive rates, seasonal plans, deferred payment options and other solutions specific to your industry’s needs. Our company and is accredited by the NEFA (National Equipment Finance Association) and has received an A+ rating by the BBB (Better Business Bureau).
If you have any questions about our small business loans for limousines and car rental companies, do not hesitate to fill out our online working capital application form or call us at (855) 793-8637 to learn more.