Who we fund
Auto Repair Shop Loans for Lifts, Diagnostic Tools, and Growth
Yes, auto repair and body shops can get funding, and equipment financing is often the easiest place to start because lifts and tools serve as collateral. Shops also use working capital and lines of credit for parts, payroll, and the gap when insurance work pays slowly.
Get matched: auto repair
The reality
Cash-flow challenges we hear every day.
Constant equipment and tool upgrades
Newer vehicles need updated scan tools, ADAS calibration equipment, and EV-capable gear. Staying current is expensive but turning away work costs more.
Insurance and fleet accounts paying slowly
Collision work billed to insurers and fleet maintenance billed on terms can take weeks to pay, while parts and labor are paid up front.
Parts costs fronted on big jobs
Engine and transmission jobs require ordering expensive parts before the customer pays. A few large jobs in the same week can strain cash.
Recruiting and keeping technicians
Skilled techs are in demand, and competitive pay, tool allowances, and training all cost money before a new hire is fully productive.
Best-fit funding
Funding that fits auto repair.
Lifts, alignment machines, diagnostic scanners, and paint booths can be financed with the equipment as collateral, which keeps cash free for parts and payroll.
$10K–$5M‡2–5 days*Working capital helps cover parts inventory and payroll during a busy stretch or while waiting on insurance payments.
$10K–$1M‡24–72 hours*A line of credit gives you a buffer for big parts orders and slow-paying accounts, and you only pay for what you draw.
$10K–$500K‡1–3 days*SBA loans fit bigger moves like buying an existing shop, adding bays, or purchasing the building you operate from.
$50K–$5M‡30–90 days*What lenders look for
Typical profile for auto repair.
Lenders generally look at bank statements, time in business, and the owner's credit. For equipment financing, a quote for the equipment and a few months of steady deposits often go a long way.
Common uses of funds
- Buying vehicle lifts and alignment machines
- Upgrading diagnostic scanners and ADAS calibration tools
- Adding EV service equipment and training
- Stocking common parts and fluids
- Expanding to additional service bays
- Buying an existing shop or its building
Can I finance used shop equipment?
Many lenders will finance used lifts and tools, though terms may be shorter. A detailed quote or invoice from the seller helps.
How do body shops handle slow insurance payments?
Many use a line of credit or working capital to cover parts and payroll while claims are paid. Some may also factor receivables from fleet or commercial accounts.
Can I get a loan to buy an auto repair shop?
Yes, SBA 7(a) loans are commonly used for shop acquisitions. Lenders will review the shop's financials, customer base, and your experience in the trade.
Will lenders finance EV repair equipment?
Yes, EV charging and service equipment can typically be financed like other shop equipment. Having a vendor quote speeds things up.
Funding for auto repair, matched in minutes.
- Decisions in as little as 24 hours*
- $10K–$5M+ across 10 products
- No hard credit pull to apply
- One dedicated funding advisor