Funding for auto repair & service
Auto repair shops need expensive diagnostic and lift equipment, a steady supply of parts, and cash to cover payroll between jobs. Funding keeps every bay productive and lets you take on more work.
With consistent ticket revenue flowing through daily deposits, repair shops qualify readily for revenue-based working capital and equipment financing.
Common uses
- Finance lifts, diagnostic tools, and equipment
- Stock parts and inventory
- Cover payroll and rent between jobs
- Expand bays or add a location
- Invest in marketing to fill the schedule
The cash-flow challenge
Big-ticket equipment and parts inventory tie up cash while labor and rent run continuously. Equipment financing makes lifts and diagnostics affordable, and working capital or a line of credit covers parts and payroll between tickets.
Best-fit products
Frequently asked questions
How do I finance auto shop equipment?
Equipment financing covers lifts, alignment machines, diagnostics, and tools, using the equipment as collateral so you preserve cash and keep terms manageable.
Can I get funding with seasonal swings in business?
Yes. A line of credit is ideal — draw to cover slower months and repay when the schedule fills back up.
Do independent shops qualify?
Independent and franchise shops both qualify; lenders mainly look at your shop's revenue, time in business, and bank activity.