SBA Funding for Auto Repair Shops — Get the Equipment You Need
Whether you are opening a new shop, acquiring an existing one, or upgrading your equipment, SBA 7(a) loans give you flexible capital to grow your auto repair business.
Estimate Your Payment
$400,000
Estimated Monthly Payment
$5,176
At 9.50% (Prime + 2.75%)
How Auto Repair & Service Use SBA 7(a) Loans
Shop Acquisition
Buy an established auto repair shop with loyal customer base and revenue
$150K – $800K
Equipment & Lifts
Diagnostic machines, hydraulic lifts, alignment systems, tools, and shop computer systems
$50K – $400K
Facility Expansion
New bay construction, facility expansion, parking lot improvements, environmental upgrades
$100K – $750K
Why SBA 7(a) for Auto Repair & Service?
Equipment can be financed on 7-10 year terms with fixed rates — easier cash flow planning
As low as 15% down payment on shop acquisitions — preserve working capital for inventory
Rates for auto repair typically 8-10% — better than commercial equipment loans
Loan includes working capital for parts inventory and payroll during ramp-up
ASE certification and industry experience valued by SBA lenders
Faster approval than traditional equipment financing — 45-60 days typical
Auto Repair & Service SBA Loan FAQ
Ready to fund your auto repair & service business?
Find out what you qualify for — free, fast, and confidential.