The automotive repair industry is growing more competitive and complex by the day. In order to succeed, repair shops need to focus, not only on working within the shop but working on the shop itself.   Currently, the automotive industry is grappling with a severe labor shortage. It is estimated that 624,000 technicians will be needed by the year 2024. This is where shop owners really need to focus on hiring a quality team of technicians that are just as passionate about learning and growing with the industry as repair shop owners do.  What Are The Best Tips For Running A […]

Starting a business has been made more difficult over the past couple of years, due to the pandemic and the uncertainty surrounding it – but it is not impossible. In fact, certain business types are needed more now than ever. While challenging, you can still start and operate a very successful business. The key is to follow certain steps and utilize the right resources. Now that you have your perfect business idea, launching a car repair shop, you can move forward with setting your plan in motion. There is much more to starting a business than simply registering with the […]

The auto repair industry is a competitive business, but with excellent payment processing services, you can rise above your counterparts. For the car repair business, you need to be taking a range of payment options and ensuring your clients enjoy flexibility, but at the lowest fee available in the market. Flexibility is particularly paramount because you are dealing with customers on the move. It means providing your diverse clientele with payment solutions across all platforms counting plastic cards, mobile, or checks fast and efficiently. You also need an integrated merchant service package that simplifies the payment process reducing administration time. […]

Every business owner knows that it’s more costly to acquire a new customer than retain an existing one. Moreover, returning customers, as a rule, spend more than first-time customers. The role returning customers play in growing your business is undeniable. If you’re interested in how you can retain your customers and get the best payment processing solutions, including an automotive merchant account, just read below. Customer Retention, Automotive Merchant Account, and Business Funding What is a customer retention rate? This is the metric showing how well your company can keep the lifespan of an existing customer over a period of […]

More and more entrepreneurs are turning to alternative lenders like First American Merchant for their payment processing needs. Why? Industries like automotive are considered to be high risk by banks and other traditional providers. At first glance, running an auto shop seems to be straightforward. However, the day-to-day operations of an auto shop are incredibly diverse. Large average ticket sizes for repairs and parts are typical for this industry. Unfortunately, this also leads to fund holds or overwhelming chargeback rates. As a result, banks consider these businesses too risky and turn them away. Without a merchant account, businesses are unable […]

Looking for options to upgrade your auto shop or to expand your automotive repair business? 1st American Merchant Funding can help you achieve the necessary funding so that you can have working capital to keep delivering the trustworthy service that you provide. From new tools and equipment to new garage work space, our funding of up to $1 million unsecured to qualified merchants will supplement your business needs. At 1st American Merchant Funding, we provide the alternative option from bank financing that is quicker, more flexible, and provide affordable repayment schedules that’s specifically heeds to our merchant’s capital needs and […]

Starting any sort of business can be daunting and finding the right merchant provider is just one of the tasks you must do, this ensures your customers have options to enable them to pay for their goods or services that you provide. If you want to start your own car maintenance business, as long as you are able to repair and maintain cars, finding the right merchant account is just the start of the other side of the business you will need to address. If all you want to do is to fix cars, then running your own business might […]

If you are considering starting your own car mechanic business then it isn’t as difficult as you might first think. Obviously, you will need to have training in the field and be able to repair cars; otherwise, it is not a good business idea. You will need to consider what sort of mechanic business you want, mobile or having a garage base; either option are great choices to make, it just depends on the area that you want to specialise in and the amount of business you need to generate to cover the basic running costs. It is important to […]