A business auto loan is just like an individual loan for a car, except it is taken out in the name of your business. Business auto loans can be an excellent way for a new business to establish credit in the name of the business. You will need corporate information such as a tax number and paperwork that establishes your business as an entity when you get a business auto loan. You will also have to provide proof of insurance for your business vehicle. You can shop for business auto loans at banks, credit unions and even online finance companies that specialize in making small loans for businesses. If your car is a used for business purposes only, you can take out an auto loan in the name of your business and establish credit for the business at the same time.

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