Does Your Business Pull Forward With the Right Car Title Loan?

With all that small business owners have to manage on a daily basis, thinking about reaching out to clients in person can sometimes get overlooked.

Despite the advantages of dealing with customers via the Internet and over the phone, it is certainly not unheard of in today’s business world for business owners and their employees to have to go out and meet with clients on the road. In order to do such, obviously the necessary transportation is required.

For some small business owners and employees for that matter, transportation can be a challenging issue, especially in today’s economy.

Some small business owners find it difficult to foot the bill for their own transportation needs, let alone when they have employees that need company vehicles to meet up with current and potential customers.

Title Loans Can Be Easy to Obtain

When a small business owner needs to obtain a vehicle or vehicles for their company, getting a title loan can sometimes be a challenge. This can especially be true if the individual is dealing with a sizable amount of credit card debt.

According to TransUnion, the average credit card debt per American household in 2013 came in at around $4,900.

So, where can people (both business owners and individuals) turn to find the most affordable car title loans these days?

There are a number of companies out there, among them TitleMax, that offer necessary loans at affordable rates.

With a car title loan, the borrower can obtain cash using their car title as opposed to worrying about a negative credit score impeding them.

Typically, the amount of the title loan will be gauged by the amount of cash that the person needs, their vehicle’s value, and their ability to repay the loan. In the event the individual has little, no, or bad credit, they can still be eligible to receive the loan, while still making good on manageable payments.

Once the individual has filled out the required paperwork, they can oftentimes find themselves receiving the loan within hours, not days or weeks as is the case with other lenders. At the time the loan is repaid, the title loan provider will release the lien on the vehicle, allowing the owner to regain their title.

For those running small businesses that need to meet with clients outside the office, having a vehicle is all but a necessity.

Having the right car title loan means you have:

• Transactions that are centered around your collateral, not what your credit history says;
• No insurance required (A number of lenders will require drivers to have collision coverage with their vehicle prior to offering a loan);
• The ability to pay back the loan over time, not in a short period of time when you are strapped for cash.

If your small business has to meet with clients on the go, make sure you have the necessary transportation to drive forward.

Having the right title loan in place can make the difference between going forward and being stuck in neutral or headed in reverse.