Auto Repair Shop Loans Up to $2M
Fast funding for repair shops, body shops, and automotive services. Bad credit OK.
Prime Business Care specializes in auto repair shop loans for independent garages, body shops, transmission specialists, oil change centers, tire shops, and specialty automotive services. Get working capital, equipment financing, and merchant cash advances built for the automotive service industry. Approved in 24 hours.
Business Loans Built for Auto Repair Shops
Auto repair shop loans from Prime Business Care are designed for the reality of running an automotive service business: expensive equipment that pays for itself over years, fluctuating parts costs, technician wages that never stop, and customers who want service done yesterday but want to pay on credit.
Whether you own a single-bay independent shop, a multi-location tire chain, a collision repair center, or a specialty transmission business — we provide funding that matches how automotive service businesses actually operate. Most banks treat auto repair as high-risk. We specialize in funding the shops banks reject.
From a $25,000 MCA to stock up on parts inventory, to $150,000 equipment financing for new lifts and alignment machines, to $500,000 working capital for expansion — we have the right product for every stage of growth. Funded in 24 hours. Bad credit welcome. No collateral required on most products.
Cash Flow Challenges in Auto Repair
Running an auto repair shop has unique cash flow demands. Here's why fast funding is essential for automotive service businesses.
Parts Inventory Investment
Keeping parts on hand means faster turns and happier customers. But parts inventory ties up thousands in capital that could be working elsewhere.
Expensive Equipment
Lifts, alignment machines, tire changers, diagnostic scanners — auto repair equipment easily costs tens of thousands each. Upgrades are constant.
Technician Wages
Good techs cost $25-$40/hour plus benefits. Payroll never stops even during slow weeks. Working capital keeps your team paid on time.
Seasonal Slowdowns
January-February are notoriously slow for most auto shops. Summer can drop in some regions. Capital helps you weather predictable slow seasons.
Banks Say No
Traditional lenders classify auto repair as high-risk. Many profitable shops get declined. Alternative lenders understand the industry.
Growth Requires Capital
Adding bays, hiring techs, opening second locations, or getting into new specialties all require upfront capital that takes months to recoup.
Auto Repair Shop Loan Products
Multiple funding products built for the auto repair industry. Pick the right product for your shop's needs.
Auto Shop Merchant Cash Advance
Fast funding based on credit card sales or bank deposits. Repayment flexes with your revenue — busy weeks = bigger payments, slow weeks = smaller. Perfect for shops with variable monthly income.
Learn about MCA →Auto Shop Equipment Financing
Finance lifts, alignment machines, tire changers, diagnostic scanners, paint booths, frame machines, and air compressors. Equipment secures the loan. Section 179 tax benefits apply.
Learn about equipment financing →Auto Shop Working Capital
Short-term loan for parts inventory, payroll, rent, and operations. Fixed weekly or monthly payments over 3-24 months. Predictable structure for shops with steady revenue.
Learn about working capital →Auto Shop Line of Credit
Revolving credit for ongoing shop needs. Draw for seasonal inventory, unexpected repairs, or growth opportunities. Only pay interest on what you use. Perfect for managing fluctuations.
Learn about lines of credit →What Auto Shops Use Business Funding For
Auto repair shop loans are flexible and cover every shop expense. Here's what our automotive clients use funding for most often.
Lifts & Equipment
New or used 2-post, 4-post, scissor lifts, alignment racks, tire changers, and specialty equipment.
Parts Inventory
Stock up on fast-moving parts, bulk purchasing discounts, or specialty parts for niche repair work.
Diagnostic Tools
OEM scan tools, specialty scanners, programming equipment, and advanced diagnostic platforms.
Paint Booth & Body Shop
Paint booths, frame machines, welders, dent repair tools, and body shop specialty equipment.
Technician Wages
Make payroll for master techs, apprentices, and service writers even during slow seasons.
Shop Expansion
Add bays, expand to a second location, or convert space for specialty services like transmission work.
Marketing & Ads
Google Ads, direct mail campaigns, fleet account acquisition, and community sponsorships.
Training & Certification
ASE certifications, specialty training, manufacturer programs, and continuing education for techs.
Insurance & Rent
Shop insurance, garage liability, rent, utilities, and overhead during cash flow dips.
How Auto Repair Shops Qualify for Business Loans
Our auto repair shop loan requirements are realistic for the industry. Here's what you need to qualify.
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6+ Months in Business
Operating your auto repair shop at least 6 months with consistent revenue. Longer history unlocks better terms.
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$15,000+ Monthly Revenue
Minimum $15K in monthly gross revenue verifiable through bank deposits. Higher revenue means larger funding eligibility.
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500+ Credit Score
FICO scores as low as 500 accepted for MCA products. Bad credit doesn't disqualify when shop revenue is strong.
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Business Bank Account
Dedicated business checking account showing regular deposits from credit card processor and customer payments.
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Shop Business License
Required state business registration, mechanic's licenses (where applicable), and garage liability insurance coverage.
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No Open Bankruptcies
No currently open bankruptcy proceedings. Discharged bankruptcies typically OK after 1-2 years with strong operations.
Automotive Businesses We Fund
From single-bay independent shops to multi-location chains, we fund every type of automotive service business.
General Repair Shops
Body & Collision
Transmission Shops
Tire Shops
Oil Change Centers
Electrical Specialists
Exhaust & Muffler
AC & Radiator
Auto Paint Shops
Hybrid/EV Specialists
Performance Shops
Diesel & Truck Repair
Why Auto Shop Owners Choose Prime Business Care
Auto repair is one of our biggest funding categories. Here's why shop owners prefer us over banks and other lenders.
Same-Day Funding Possible
MCA products can fund same-day for qualified shops. Most products funded within 24-48 hours — industry-leading speed.
Bad Credit Welcome
500+ FICO accepted for most products. We evaluate your shop's actual performance — not just your credit report.
Auto Repair Specialists
Our team understands auto repair — parts margins, labor rates, warranty work, seasonal patterns, and fleet account cycles.
Renewal-Focused
Build a funding relationship once, benefit forever. Most shops we fund come back for renewals with improved terms.
Multiple Products
MCA, equipment financing, working capital, lines of credit — all under one application. Match to the best product.
Dedicated Specialist
Work with one specialist who understands your shop from first call through funding and renewal. No runaround.
Auto Repair Shop Loan FAQ
Common questions from auto repair shop owners about business funding, qualification, and products.
What are auto repair shop loans?
Auto repair shop loans are financing products for automotive service businesses including independent repair shops, body shops, transmission specialists, oil change centers, and tire shops. They include working capital loans, MCA products, equipment financing for lifts and diagnostic tools, and lines of credit for parts inventory and operational needs.
Can I finance auto shop equipment?
Yes. Prime Business Care finances all types of auto repair equipment — vehicle lifts, diagnostic scanners, tire changers, wheel balancers, alignment machines, paint booths, frame machines, air compressors, and specialty tools. Equipment secures the loan making it easier to qualify. Section 179 tax benefits available.
How do auto repair shops qualify?
Auto repair shops qualify based on revenue, time in business, and bank deposits. Most products require $15,000+ monthly revenue, 6+ months in business, and a 500+ FICO. Body shops and dealerships with higher tickets typically qualify for larger amounts. Daily credit card sales strengthen MCA eligibility.
What can I use funding for?
Auto repair shop funding can be used for new lifts and equipment, parts inventory, shop renovations, technician wages, tool purchases, diagnostic equipment, paint booth upgrades, expansion to new bays, marketing, insurance, and bridging cash flow during slow seasons. Most products have no restrictions on fund usage.
How fast can I get funded?
Most auto repair shop loans through Prime Business Care are approved within 24 hours and funded within 24 to 48 hours. Equipment financing for lifts and major diagnostic machines takes 2 to 4 business days due to vendor verification. MCA products can fund same-day for established shops.
Can shops with bad credit get loans?
Yes. Prime Business Care approves auto repair shop loans for owners with FICO scores as low as 500. We evaluate your shop's daily card sales, bank deposits, and operating history rather than just credit score. Many shop owners with challenged credit qualify based on strong revenue.
How much can an auto shop borrow?
Amounts range from $10,000 for small tool purchases up to $2,000,000+ for larger shops or multi-location operations. Most shops qualify for 80% to 150% of monthly gross revenue. A shop doing $60,000/month typically accesses $48,000 to $90,000 in funding.
Do I need to be a licensed mechanic?
You don't need to be a licensed mechanic personally — you need to operate a legitimate auto repair business. Your shop should have proper state business registration, required mechanic's licenses (where applicable), business insurance, and an EIN. ASE-certified shops typically qualify for better rates.
Apply for an Auto Repair Shop Loan Today
Get approved in 24 hours. Soft credit check only. 500+ FICO accepted. All automotive service businesses welcome.
Start Your Application