If you are looking for a little extra business cash flow, and you have a paid-off vehicle that is not essential to the daily operations of your business, the solution could be right in front of you! Pawning your car to acquire much-needed cash flow to boost your business, or get a new project off the ground, is a great way to get ahead without having to actually sell your vehicle. A pawn loan is a great option for a small or growing business. It means that you can pawn your car and get a cash advance for it. The vehicle will be stored and once you have put the new business cash flow to work, and you are earning enough money again, you can repay the cash advance and get your vehicle back.
You might wonder why anyone would pawn their vehicle to get the business cash flow that they need. The answer is rather simple. Pawning a vehicle is a much easier way to acquire cash. With a regular loan, you are put through a gruelling application process, where every bit of information that you supply must be verified. Even then, you still might not get the loan if the institution feels that you cannot afford it. The verification process itself takes some time and after all that waiting, you might be turned away anyway. It is quite a disheartening thought when you really need the extra cash. If you are blacklisted or under debt review, obtaining a regular loan is impossible too. Pawning a vehicle cuts out all the red tape that is associated with loan applications. At XCELSIOR, we assess the value of the vehicle, and offer the available loan amount. The applicant does not have to supply a lot of paperwork, undergo an affordability assessment, or wait for the results of a credit check.
Here is what you will need, in order to pawn your vehicle and boost your business cash flow:
- A fully paid-off vehicle in your name. You will need the documentation to prove this.
- Proof of address.
- The willingness to hand over your vehicle, so that it can be stored in our safe and secure facility.
We can loan you up to 50% of the assessed value of the vehicle. The vehicle will only be sold if the loan amount cannot be repaid and even then, we will give back any additional money made on the sale, over and above the amount you owe to us. It is a great deal, whichever way you look at it.
If you are stressed about applying for a small business loan and want an alternative option, here it is! Boost your business cash flow by pawning your vehicle with XCELSIOR. For more information and advice regarding the process and what to expect, all you need to do is get in touch with us. Give us a call, or send us an email today.