Auto Repair Business Loans

Find the Best Business Loans for Auto Repair Shops at Advancepoint Capital. Shop, Compare, Choose, and Save.

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Best Business Loans for Auto Repair Shops

Small business owners in the auto repair industry face a highly competitive and challenging environment. The demands of running a successful auto repair business for a small business owner can be complex and is more than just repairing cars.

A lot needs to be addressed in an auto repair shop’s operation, including facility and location maintenance, equipment to meet the needs of repairs, proper advertising for customer acquisition and retention, and a skilled labor force with continued education and training. Auto repair shop loans are necessary to tackle all of these needs, gain an edge above the competition, and reach your business’s full potential.

Auto repair shop owners will face challenges when dealing with traditional outlets for a bank loan. AdvancePoint Capital has the experience and history of acquiring small business loans for auto repair shops across the United States. We can provide the small business loans that auto repair shop owners require to meet their needs. Try out our loan services today!

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AdvancePoint Capital makes the loan application process a simple, straightforward experience.

The 8 Best Small Business Loans for Auto Repair Shops:

What are my Small Business Loan Options?

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Long Term Auto Repair Shop Loans

Short-Term Business Loan for a California Small Business icon

Short Term Business Loans for Auto Repair Shops

Business Line of Credit

Business Line of Credit for Auto Repair Shops

SBA Loan

Small Business Administration (SBA) Loans for Auto Repair Shops

Small Business Cash Advance for a California Small Business

Business Cash Advance

Merchant Cash Advance for a California Small Business

Business Credit Cards

Invoice Financing

Invoice Financing

Equipment Financing for a California Small Business

Equipment Financing

Small Business Owner Benefits of Auto Repair Shop Loans

Running an Auto Repair shop can have a unique set of cash flow issues. Payroll, advertising, equipment maintenance, and purchases — as well as property maintenance and improvements, can really cut into cash flows. This makes it essential to have financing to balance your revenue and have the proper reserves to handle anything that may come up, such as capital expenses.

Auto Repair Shop Equipment

Equipment financing for auto repair shops may be necessary because machinery for auto repair shops can get pricey, often into the tens of thousands of dollars. Equipment such as lifts, air compressors, computer auto evaluation tools, tow trucks, and a variety of specialty equipment tools most of the time will require loans to purchase. Equipment loans will keep your cash in your bank account instead of draining your working capital cash flow.

Employment

We think it can be easily said that the mechanics working on automobiles are the lifeblood of a repair shop. Hiring the right people and maintaining continuing education is a must and can be costly, especially if you’re trying to maintain high qualification and certification standards. Sometimes signing bonuses are needed to acquire the talent and maintain a high standard of knowledge and education. Financing may be necessary to fill the gaps and keep cash flows strong.

Supplies

You may be the type of Auto Repair Shop that needs to maintain a certain amount of supplies/parts on hand to improve the speed and efficiency of your auto repair shop. Acquiring items in bulk may require a loan to get special deals or save on money.

Renovations/Capital Improvements

The real estate the auto repair shop is located on will need to be maintained. Expansion of customers may translate into facility enhancements and require business funding to finance additional work bays, customer service desks, and seating areas for people waiting for their car to be repaired or other structural needs.

Advertising

Advertising, now more than ever, is a part of being a successful Auto Repair Shop. The success and growth of an auto repair shop require attention to the internet. You’re not in business unless you’re showing up on the first page of a Google search; it’s the Yellow pages of the 21st Century.

There are many options out there for a customer to repair their cars, and more customers use internet search engines to find a solution. The cost to build a website and the search engine optimization needed month over month will cost thousands of dollars but will be well worth it.

A loan may be required because the money needed for these services adds up fast. The cost and fees to have a proper website built and optimized for search engine optimization can reach above $10,000, let alone the monthly data optimization work, which takes time, effort, and money paid to web developers who specialize in search engine optimization.

Apply For Your AdvancePoint Loan Today!

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advancepoint auto repair loans

Types of Auto Repair Shop Small Business We Serve:

  • Auto Repair Shops
  • Tire Stores
  • Transmission Repair Shops
  • Car Detailing and Car Wash
  • Auto Parts Stores
  • Towing Services
  • Truck Repair Shops
  • Auto Body Shops

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