From our friends at cbCharge…
During this time of economic uncertainty, we would like to partner with you to offer your repair shops a way to solidify their cash flow. COVID-19 has created a global economic crisis. Repair shops have been deemed an essential business, creating a need to stay open while the rest of the country’s business is in a decline. cbCharge can help! Consumer business is declining with most people confined to their homes, but fleet business has seen an increase with all service businesses (examples: plumbers, heating and air companies, delivery companies, construction companies, and trucking companies).
On March 18th, The Federal Motor Carrier Safety Administration issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide coronavirus (COVID-19). This has created a need for more repair and maintenance on fleet vehicles.
Concerns for repair shops include:
- Cash Flow
- Slow paying customers
- Credit risk with extended terms
- Increased credit limit needs
cbCharge can address those concerns and offer a solution. The process to move existing business is simple. The shop sends a list of existing fleet customers, including company name, address, phone number, and tax id number. cbCharge will set up all existing accounts and begin paying the shop for existing fleet invoices. Existing invoices remain the shop’s liability until paid by the customer, but any new invoices are cbCharge’s liability.
A branded credit application is also available for new customers to complete. Decisions are typically made within four hours. This allows the repair shop to focus on repair work instead of the back office.
cbCharge pays the shop within 24 hours of invoice submission and the customer is billed monthly for all charges with a cbCharge statement. Sign up is easy. Simply go to www.cbcharge.com and click the Jasper Engines & Transmissions Installer Locations enrollment link to complete a short application. Once enrolled, the shop gains instant access to a fleet locator to search for fleets that pay with cbCharge.
If you have any questions or would like to have more information, please contact Todd Woodruff at 256-584-3691 or firstname.lastname@example.org.