Ready to Be in Business for Yourself but Not by Yourself? There are Some Great Financing Options for an Automotive Business with Byrider!
At Byrider, we want to make it simple for you to join our franchise family. While we don’t directly provide or guarantee any automotive franchise financing, we do maintain relationships with many banks and lending institutions that are familiar with both the financing of subprime automotive receivables and our unique business model — and we’re happy to help make introductions to those lenders!
We’ve also partnered with Tenet Financial Group to help jumpstart your success. They’re expert franchise financial consultants who can help you navigate the entire process, explore automotive franchise funding options, including SBA loans and lines of credit, and help you realize your dream more quickly!
With a Tenet Partnership You’ll Enjoy:
Reduce the complexity with a single financing partner who’s there for the life of your dealership.
The Right Fit
You’ll be matched with the right funding option to meet your needs and goals.
Peace of Mind
You’ll have access to franchise finance experts for as long as you’re in business.
Pre-Qualify for Funding!
Want to know what you might qualify for regarding funding? Use this no-obligation, free Funding Discovery Calculator to get an overview of potential options. The Calculator is not a credit pull, and is not an offer or guarantee for funding.
The SBA Helps Small Businesses Get Going!
The Small Business Association (SBA) works with lenders to provide loans to small businesses. The agency doesn't lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces the risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get the loans they need!
SBA Loans Come with Important Advantages Like:
SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
Some loans come with continued support to help you start and run your business.
Lower down payments, flexible overhead requirements, and no collateral required for some loans.