CUSTOMER NAME
E&E Automotive Service
CUSTOMER ADDRESS
1665 1/2 18th St., Santa Monica, CA 90405
INDUSTRY
Automotive
Learn more about how BriteCap helped Edward, the founder of E&E Automotive Service, deal with seasonal cash flow fluctuations.
CUSTOMER NAME
E&E Automotive Service
CUSTOMER ADDRESS
INDUSTRY
Automotive
BriteCap Customer Review Story
Edward fell in love with cars while working at his parent’s automotive repair shop as a kid. At the shop, he worked closely with his father and learned how to repair classic cars. When his father retired, he took over the shop and eventually went on to open his own shop, E&E Automotive Service, in 2009. Edward is passionate about his work because he, “has the opportunity of a lifetime to keep classic cars on the street.” He is focused on “doing whatever it takes to keep his customers happy.”
Edward is faced with the challenges of running a business that has seasonal fluctuations. “In the winter time, it kind of dies of because the classic car people, they really don’t drive their cars in the winter.” Edward has used funding from BriteCap to smooth his cash flow during slower seasons and to work on new projects. In addition, he uses BriteCap Payment Services to process credit cards in his shop. With BriteCap, Edward can focus on pouring more passion into his business.
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2BriteCap’s offer to renewal customers of lower rates for financing and larger eligible loan amounts assumes that a renewal customer’s credit profile has not negatively changed from the time the customer’s last financing with BriteCap and that BriteCap’s credit and underwriting policies have not changed. Any deterioration in a renewal customer’s credit profile from the time the customer’s last financing with BriteCap or changes in BriteCap’s credit or underwriting policies may make a renewal customer ineligible for lower rates or a larger loan amount or may result in a credit application decline.
3Offered payment terms, loan amounts, repayment schedules, and rate offerings are dependent on each customer’s specific risk profile and annual revenue. Not all customers will qualify for all of the listed terms, amounts, or repayment schedules. FICO, time in business, annual revenue, and other various data are considered when determining a risk profile. Terms and conditions apply.
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All small business loans offered by BriteCap Financial LLC are provided pursuant to California Finance Lender license #6039614. In certain states, loans may not be available at all or may be limited in availability depending upon certain borrower and loan attributes. In certain states where loans are not available, we may offer a purchase of future receivables. We do not currently offer any product in Nevada, North Dakota, Rhode Island, South Dakota, and Vermont.