Phoenix Business Title Loans
Payroll is due next week. You have just signed with a new client, but they will not send their first payment for a couple weeks. You have immediate money needs and you are not sure if you have options to resolve your financial crisis. You can not wait on a business grant. A grant takes too long and has too many requirements. An unsecured bank loan will take time. Besides, you do not want everyone knowing about your company’s financial problems. You need money yesterday. Luckily, you do have an option. Phoenix business title loans are the solution.
Phoenix Business Title Loans Resolve a Financial Crisis with Immediate Cash
A business title loan is a secured loan repaid over a short period of time. The loan is backed by the borrower’s car title, which is why it is called a business title loan. The business title loan lender accepts the car title as collateral. The business owner receives the lump sum loan amount. Instead of check stubs as proof of income, the self-employed applicant would have to provide their bank statement to prove that they have a monthly income.
The owner can then use the money to:
- Pay employees
- Finish a contracted job
- Bridge the financial gap between commissions
- Finance business-related expenses
The self-employed individual or business owner must repay the money according to the terms of the business title loan agreement. The title is then returned to the business owner after the final payment and the lender is removed as a lien holder.
Phoenix business title loans allow the business owner or self-employed individual to keep the vehicle while making the loan payments. The business owner does not have to submit a business plan to the business title loan lender. This makes getting a title loan a great option for a self-employed individual who needs cash fast. With a business title loan, the business owner avoids going through a long, drawn out traditional bank loan process. And, because you can get same-day cash, the financial crisis is averted.
Contact Cash-N-Go for Your Phoenix Business Loan
At Cash-N-Go, we pride ourselves on being there for our clients. Whether you need cash for payroll, equipment, or other business-related expenses, we have the business loan you need to resolve your financial crisis. We have been in business for over 20 years. We are part of the BBB and founding members of the Arizona Title Loan Association. When you need cash quick, you need Cash-N-Go. Contact us today or apply online now for your short-term business loan solution.