Ready To Move Your Business Forward?
Types of Auto Repair Business Loans
Small Business Loans
Use small business loans for auto repair shop expenses like rent or employee payroll.
$5,000 to $500,000
Equipment Financing
and Leasing
Purchase or lease equipment for your auto repair business.
Up to $150,000
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
How does an auto shop business loan work? Applying for an auto repair industry loan has never been easier.
"Very nice, compassionate people. Any questions you have about anything they answer promptly. I enjoy working with this company. Payments are very affordable and fit great with my income/budget. Would recommend to anyone looking for a business loan”
– Weidman Automotive, LLC
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 ownersTrusted by Businesses Like Yours
Over $3 billion in funding to more than 50,000 businesses nationwidePersonalized Experience
Lending solutions and payment options tailored to your specific needsFast & Easy Application Process
No-cost, no-obligation application with funding in as few as 24 hours1Loan Specialists Who Care
Experienced Loan Specialists help you make the right decisionWorry-Free Lending
No collateral requirements, plus simple, automatic paymentsAuto Repair Business Resources
Knowing more about your auto repair shop’s financial health can help you make smart decisions with your business finances. These resources will help you get a better understanding on how you can reduce costs, run your auto shop more efficiently and ultimately earn bigger profits.

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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Disclosures
Legal Disclosures
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.