In any small to mid-sized business there comes a time when the company hits a growth ceiling, decides to expand, or needs to make decisions on equipment or capital improvements. This can be an exciting time for a car wash business but also a bit confusing when determining financing options for its acquisitions.

One of the first questions you will be faced with is whether to go to your local bank or traditional lender or explore alternative financing. Use this chart to help compare some financing options:

1. Financing, financial products, and instant credit decisions based on credit parameters. Ascentium Capital loans made or arranged pursuant to a California Financing Law license. This information is not all-inclusive. For the specific aspects of financial products, contact your financial institution. Consult your tax advisor regarding the impacts or availability of Section 179 and bonus depreciation may have for your business.

Curt Newsom is vice president of sales – car wash for Ascentium Capital, a national financier specializing in the car wash industry and a member of the International Car Wash Association. Car wash owners can request several free resources that can help them choose the right type of financing for equipment purchases. For more information: Ascentium.Info/AL19 or contact Curt Newsom at (281) 902-1939 or e-mail CurtNewsom@AscentiumCapital.com.