Auto Repair Business Loans
Auto repair shops benefit from equipment financing for lifts and diagnostic tools. SBA 504 loans work well for purchasing the property.
Calculate Auto Repair Loan Payment
Auto Repair Loan Overview
Average Loan Size$300,000
Common Loan TypesSBA 7(a) Loan, Equipment Financing, Commercial Real Estate Loan
Industry Tip: Auto repair shops benefit from equipment financing for lifts and diagnostic tools. SBA 504 loans work well for purchasing the property.
Best Loans for Auto Repair Businesses
SBA 7(a) Loan
The most popular SBA loan program for general business purposes including working capital, equipment, and real estate.
Equipment Financing
Loans specifically for purchasing business equipment, where the equipment itself serves as collateral.
Commercial Real Estate Loan
Financing for purchasing, refinancing, or renovating commercial properties.
