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Car Care Center by Tom Markel


If you're going to open up a car care center right now, you might want to make sure you have the equipment needed to service electric vehicles and hybrids, plug into onboard navigation systems, and understand the safety precautions recommended to handle any type of bio-fuels. All of these are in the future for the automobile industry and the future isn't too far away. As a matter of fact, it's upon us. If you're going to make it in the car care industry, you'll want to make sure you're prepared for everything. If you're not, it won't be a question as to whether you succeed or not. You'll have a hard time getting past the commercial mortgage approval you need to buy the building.
 
What is a business plan? It's a step-by-step explanation of how you plan on being successful in the industry you have chosen to invest in. Your decision to buy a building that will be a car care center suggests that you know a little bit about the automotive industry. The bank knows a thing or two also. They know how to assess risk and determine your ability to be able to pay them back. If you're not aware of the direction your industry is moving in, you are a bad risk. If you don't want to be shot down at the outset, do your homework and have some answers ready when the bank calls.
 
Put yourself in the position of the bank or lender that you're asking for a loan. Make a list of all of the difficult questions before they ask them. It's not hard to figure out what needs to be disclosed in order for you to be approved for a commercial mortgage. What makes you think you can make this business fly? How are you planning on paying the bank back? What if your first plan fails? Do you have a back-up plan? Car care centers require a significant investment. Do you have additional funds or are you relying on the bank and future sales? Prepare yourself before you even fill out the application.
 
Here at iBank we have one of the most comprehensive and complete lists of lenders and financial institutions on the internet. You can fill out one application form here and you will get multiple offers for a commercial mortgage on that building you want to buy. You'll get better offers if you have a business plan that makes sense, and you won't be required to jump through hoops. Front line banks and mortgage brokers will present you with reasonable terms and interest rates. That's how it works. Know your business, your industry and your market. You'll get better results if you do. 


Most Recent Postings

Type Amount Location Date Posted
Car Care Center $300000 Bethlehem,
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