Auto Repair Shop Loans
Simple application. Simple process.
Cash flow in the slow lane? Auto repair shop loans can help.
A slow sales period, increased competition, and outdated tools can put your cash flow in the slow lane. Before that happens, look to Balboa Capital. We offer auto repair shop loans with predictable payments. If your loan application is approved and you decide to move forward, one of our helpful business funding specialists will contact you to discuss your options and answer any questions.
There are no restrictions on using your auto repair shop loan. You can use the funds for any daily business need. This is one of the many reasons auto repair shop owners look to Balboa Capital when they need funding.
- Loans from $20,000 to $250,000
- If approved, same-day funding is available
- Easy online application
- One-hour approval decisions during regular business hours
- Flexible terms available
- Competitive rates
Business loans in 3 easy steps.
-
Submit a simple online application.
-
Get a prompt decision during our normal business hours.
-
If your application is approved, funds will be provided fast.
What we look for.
Minimum of one year in business
$300,000+ in annual revenue
FICO® score of 620 or more
These are some of our minimum lending requirements, and meeting them does not constitute a business loan approval.
Should you apply for a small business loan, additional lending criteria will determine if you qualify.
Funding in overdrive.
The auto repair industry has experienced steady growth over the last decade, and analysts predict that annual growth will continue at a 5.8 percent rate over the next five years. As a result, automotive yearly repair revenue in the United States is expected to surpass $85 billion in a couple of years. That means more revenue opportunities for your auto repair business, mainly since more than 265 million passenger vehicles are in our country, and 75 percent of consumers get their vehicles serviced yearly.
Whether you are working with customers on pricing, fielding phone calls, ordering auto parts, or managing your auto mechanics, you have a lot on your plate daily. As a result, your time is too valuable to waste on a lengthy lending process. With Balboa Capital, you will not have to. It only takes a few minutes to apply for a business loan from Balboa Capital, and the turnaround time is fast. Get started now!
Reasons to choose Balboa Capital.
Bank-owned business lender
Over $8 billion funded nationwide
Simple, quick process
Resources for auto repair shop owners.
Tips for driving auto repair shop profits
Proven ways to accelerate your income.
Auto repair industry infographic
Facts and figures about the automotive repair industry.
How to attract new customers
Check out these ideas on how to attract new customers.
