How fast can I get a business loan?

With Slate Financial, many business loans fund in as little as 24 hours. MCAs and lines of credit can fund same-day. Term loans typically fund in 24-72 hours. Real estate loans range from 5 days to 4 weeks depending on the product.

Can I get a business loan with bad credit?

Yes. Products like MCAs, MCA Bailouts, and Lines of Credit are primarily based on your business revenue, not your personal credit score. If your business generates consistent monthly revenue ($10K+/month), you likely qualify for funding.

What types of business loans does Slate Financial offer?

Slate Financial offers 14 loan products including Term Loans, Lines of Credit, Merchant Cash Advances, MCA Bailout, 0% Interest Business Credit Cards, Equipment Financing, Purchase Order Factoring, Commercial Real Estate Loans, Residential Mortgages, DSCR Loans, Fix and Flip Loans, Ground-Up Construction Loans, Mergers & Acquisitions Financing, and Form 1003 Mortgage Applications.

Does applying for a business loan affect my credit score?

No. Slate Financial's initial application uses a soft inquiry that does NOT impact your credit score. A hard pull is only done after you've reviewed and accepted a specific offer from a lender.

A DSCR (Debt Service Coverage Ratio) loan allows real estate investors to qualify based on the property's rental income rather than personal income. If the property's rent covers the mortgage payment, you can qualify without providing pay stubs, W-2s, or tax returns.

Auto Body Shop Funding: Working Capital for Repair Shops and Dealerships | Slate Financial Blog

Auto body shops and repair businesses deal with expensive parts, insurance reimbursement delays, and seasonal fluctuations. Whether you need equipment, inventory, or just working capital to cover payroll, here is how to get funded.

Funding for Auto Businesses

MCA

Auto shops process cards daily. An MCA gives you $5K-$2M in 24 hours with repayment tied to your daily card volume. No collateral. No perfect credit needed.

Equipment Financing

Lifts, paint booths, diagnostic tools, alignment machines. Equipment financing uses the equipment as collateral. $10K-$5M, fund in 24-48 hours.

Lines of Credit

Cover parts costs, payroll gaps, and seasonal slowdowns with a revolving credit line. $10K-$1M.

Commercial Real Estate

Buying or expanding your shop? Commercial mortgages from $500K-$50M with multiple lenders competing for your deal.

Real Results

We recently helped Derrick Auto Body qualify for a $150K line of credit with a 750+ credit score and $500K/month revenue. At Slate Financial, David R. Bizousky and the team match auto businesses with the right lenders. Apply in 5 minutes.

Need Business Funding?

Slate Financial matches you with the best funding options. Apply in minutes with no credit impact.

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Auto Body Shop Funding: Working Capital for Repair Shops and Dealerships