The construction industry can be fickle at times. As a general contractor, you may not have work for an extended period of time which may put you in a financial hole. When a new job finally shows up, the ability to buy or rent specialized tools or machinery on short notice can be the deciding factor on whether you can bid to win the job. In this crazy economy, you may not have the cash you need to make this crucial investment.
It is now more difficult than ever to get a fast, short term loan from a bank. If you are a contractor who has been using credit cards to finance life’s necessities, you are very unlikely to get a positive answer from a bank to a loan request.
Every contractor has at least one truck. A title loan taken out on that truck helps you get the funds you need to acquire the tools to bid on a job. A title loan is not dependent on your credit score; it’s only based on your truck’s title.
CashPoint assesses your vehicle and within a few minutes you know how much money you can drive away with. A title loan does not require the vehicle to stay with CashPoint; you keep the full use of your truck.
Construction work may go through ups and downs, but with the possibility of getting quick cash with a title loan on your truck, you can be back into business in no time.
Car title loans are available to anybody who owns a car. Call your local CashPoint office to find out your options.
Photo by Gregor Y
