Customer small business financing solutions delivered through a single, online application.
Free access to multiple funding solutions
See funding solutions from 75+ nationwide lenders with a single application.
Apply for financing, track your business cashflow, and more with a single lendio account.
Applying is free and won’t impact your credit.
Whether you’re looking to grow your auto repair shop or purchase updated machinery to work on the latest models, we have the best lenders all in one place, offering a variety of business loans.
Finding a loan for auto repair shop owners isn’t an impossible task. Lendio makes it easy to find the right financing structure for your next project, no matter what your needs may be.
Lendio is no stranger to funding for auto repair businesses and the type of capital required to grow a profit-driven enterprise. Our network of preferred lenders makes it easy to submit a single application and receive multiple financing options to compare.
Apply in just 15 minutes and get funded in as little as 24 hours
Get personalized support throughout the funding process. Your funding manager will be with you every step of the way to answer your questions and advocate for you.
Compare loan offers from multiple lenders. With over 75+ lenders in our network, your funding manager will work with you to ensure you get the best rates and terms for your business.
Answer just a few questions about your business to see which lending products you qualify for. We’ve partnered with over 75 lenders, allowing us to find the best option or your business.
One of our funding specialists will reach out to you to get to know your business better. Since every business is unique, we want to make sure we find the loan type that’s perfect for your needs.
Compare different offers curated for your business. Select the capital amount and rate that will help take your business to the next level.
We work with lenders that can fund you fast. Once you’re approved, you’ll be able to access your capital in as little as 24 hours.
Also called a business cash advance, revenue-based financing enables business owners to borrow money based on future income. The borrowed amount is then repaid in daily or weekly installments.
Debt financing is a traditional loan product, as borrowers receive the full loan amount and then make regular monthly payments to repay the loan principal in full. Auto repair shop owners have two options when it comes to debt financing: term loans and SBA loans.
A business line of credit works the same way as a credit card, but the borrowing amount and interest rates are often much better. Because the money can be used for any business expense, a line of credit is a helpful financial tool for businesses with intermittent cash flow issues.
Equipment financing is a special type of financing used specifically to purchase equipment. If you opt for a leasing agreement, the equipment itself will serve as collateral for the loan.
Auto repair shop loans are loan products that can be used to aid in the running or expansion of auto repair shops. Once the loan product is received, regular monthly payments are required until the loan is paid off.
To get auto repair business loans through the Lendio platform, minimum requirements start at:
Auto repair business loans can be used for any business-related expense. They can be used for large asset purchases or general capital needs. The one exception is equipment financing, which can be used only to purchase the specified equipment.
Not only is the application much faster and easier to complete, but borrowers have access to a multitude of lenders at once and, after choosing an offer, can receive the full loan amount in less than 24 hours.
An SBA loan is insured by the federal government, but is processed and funded by traditional lenders. Borrower eligibility requirements are harder to meet, and the processing time is much longer than an online loan, but rates are often lower and the loan amounts are often much higher. However, borrowers with strong credit profiles will likely be offered great loan terms, regardless of where they look.
Business owners have three types of SBA loans they can apply for: microloans, 504 loans, and 7(a) loans. Microloans are for small capital needs between $500 and $50,000. 504 loans are intended for large asset purchases and come in amounts up to $5 million. 7(a) loans also come in amounts up to $5 million, but are intended for general capital needs.
*based on 136 Lendio employees who responded to an internal poll
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.