If your gearing up to participate in the New York Boat Show in January, you most likely want to promote your involvement to potential buyers to get them to purchase tickets to attend the show. If you’ve ever participated in the event before, I am sure you know that tens of thousands of boat enthusiasts attend each year. The more potential buyers that know your dealership will be present at the show, the more likely you are to get a few sales! January is right around the corner so now is the time to advertise your fleet. If you need funding to advertise, I suggest you consider applying now.
Funding for Boat Dealerships
Since the New York Boat Show is fast approaching, you will most likely need to get funding for your boat dealership in the shortest time frame possible. How quickly you obtain funding for your business depends on several factors. The first being the age of your business. If your boat dealership has been around for some time and you are generating a consistent stream of revenue, you may find it easier to obtain funding.
Furthermore, if you or any of the other owners of the boat dealership have a good personal credit history, you could have the funding you need to promote your participation in the New York Boat in less than 30 days. However, if your boat dealership is still fairly new and revenue is lacking, it could take more than 30 days to get funding. (This holds true unless you or any other owners of the business have good personal credit).
Why is Good Personal Credit Needed to Get Boat Dealership Funding?
Good personal credit is needed in this case because it will shorten the amount of time it takes you to get approved for funding. This is specifically true when applying for funding such as unsecured business lines of credit. If you need to get funding in a short amount of time to begin promoting your participation in the New York Boat Show, I strongly recommend you consider applying for unsecured business lines of credit.
Why Unsecured Business Lines of Credit?
Not only can you obtain unsecured business line of credit funding quickly (I recently had a client get approved for $53,000 in 2 days), you can have them for the life of your business as long as the lender wants to continue their relationship with you. If you’re paying on time and properly maintaining the unsecured business lines of credit, the next time the New York Boat Show comes around, you’ll have the capital you need to promote your boat dealership’s participation in the event (early on), instead of waiting until the last minute.
Ready to Get Started?
Let us help you get started here at LenCred. Our clients (with exceptional personal credit), get unsecured business line of credit funding fast. You need to move quickly if you’re participating in the New York Boat Show in January!