Auto Repair Business Loans
Help drivers get back on the road with auto shop financing
Ready To Move Your Business Forward?
Types of Auto Repair Business Loans
How Auto Repair Business Loans Can Help You
In order to keep cars running and drivers on the road, your auto repair shop needs to have equipment and tools that are in good working order. You’ll also need knowledgeable staff with extensive safety training to help keep your day-to-day operations running. To grow your auto repair business or address unexpected expenses, you may need extra funds. An auto shop business loan can help you get the cash you need to stay on budget.
Pay for Employee Training
- Train new hires across different machines and tools used in your auto repair shop
- Implement a safety training program to maintain compliance with OSHA standards
Invest in New Technology
- Purchase inventory and customer management software to make administrative tasks more efficient
- Upgrade to the computer systems needed for diagnosing modern vehicles
Replace Worn Equipment
- Business loans and equipment leasing allow you to get newer machinery faster
- Make your shop more efficient with new equipment, tools and machines
Cover Regular Expenses
- Auto shop financing gives you the working capital you need to cover monthly rent of your repair bays
- Use a business loan to pay for tax or payroll expenses
How to Apply
Why National Funding?
With two decades of experience helping auto repair shop owners secure the funds they need, National Funding can help you get financing for your shop. While traditional lenders often require a lengthy application process for auto shop financing, we have a simple online application. The quick application means it’s possible for you to get the loan you need quickly and get back to helping drivers repair their vehicles.
We Know Auto Repair Businesses
Experience supporting auto repair business owners
Trusted by Businesses Like Yours
Over $3 billion in funding to more than 50,000 businesses nationwide
Personalized Experience
Lending solutions and payment options tailored to your specific needs
Funding Specialists Who Care
Experienced Funding Specialists help you make the right decision
Fast & Easy Application Process
No-cost, no-obligation application with funding in as few as 24 hours1
Worry-Free Lending
No collateral requirements, plus simple, automatic payments
Auto Repair Business Resources
5 Elements of a Successful Employee Training Program
Auto repair shops require highly skilled employees who can diagnose mechanical issues and make necessary car repairs. Check out these tips for putting together a successful employee training program for your mechanics and laborers.
How to Turn Your Hobby into a Business
If you love working on cars, running your auto repair shop may seem like the perfect job. However, you know that sometimes your hobby can be a lot of work. Check out this post to gain insight into whether or not the setup of your shop has the ability to be successful for a long time.
What a Federal Minimum Wage Increase Would Mean for Small Businesses
Your auto repair shop probably employs several entry-level employees such as porters or repair technician trainees. With the possibility of an increase minimum wage, your business finances may take a hit. Find out what you can do to be ready for mandatory wage increases, including using auto repair shop loans to cover payroll.
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