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.