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BlogBlogA Car Title Loan Could Help To Finance The Dream Of Owning Your Own Business

A Car Title Loan Could Help To Finance The Dream Of Owning Your Own Business

Owning a BusinessEveryone has the dream of being financially stable. For many, becoming financially stable is related to a desire to start and own one’s own business. The problem for most people is having the funding available to get a business up and running. There are small business loans available from a variety of sources, but one of the easiest ways to acquire much needed cash very quickly is through the use of a car title loan.

 

Unlike traditional bank loans, a car title loan is a secured loan that usually takes between 24 and 48 hours to process. In applying for a loan from a bank or credit union, the process may take several weeks before you find out if you are even approved. With a car title loan, you can have the cash in your hand the same day you apply.

 

The application process is simple. Most lenders, like Embassy Loans of Florida, allow potential borrowers the opportunity to apply online. In just a few minutes, the application is complete. There are not many requirements when it comes to an auto title loan, so the application is pretty short.

 

Once the application is finished, applicants will normally have to provide proof of their identity as well as their residency. A representative of the lender will verify everything that is on the application, for the most part. Since there are not many requirements for a title loan, this process does not take long.

 

The applicant’s vehicle will then be inspected to make sure that it matches the title and also to come up with a value. Once a value has been determined, the loan can be finalized. The entire process from beginning to end can take as little as an hour. Once complete, the funds are transferred to your bank account and you can begin the process of starting your business.

 

To start a new business requires money and an easy way to raise the capital necessary is through the use of car title loans. You should be sure to have a plan to pay back the title loans very quickly to save you even more on interest and finance charges.

 

Your dream of owning your own business is possible. Use the power of auto title loans to help get your business off the ground. The money you receive from an auto title loan can pay for many of the incidentals that you may have forgotten. Things like legal fees, taxes, and advertising can be taken care of with the proceeds from your car title loan.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.