Auto repair shop loans, simplified.
From new lifts and diagnostic equipment to expanding your bay count — we connect auto repair and body shop owners with financing designed around the demands of running a shop.
The Challenge
Running a shop means constant reinvestment
Auto repair shops depend on specialized equipment, a steady flow of parts, and skilled technicians — all of which require ongoing capital. Between equipment upgrades, parts inventory, insurance claims processing, and the pressure to keep bays full, shop owners need funding that moves as fast as the cars coming through the door.
Shop Equipment & Tools
Lifts, alignment racks, diagnostic scanners, paint booths, and tire machines are expensive to purchase and replace — but essential to servicing modern vehicles.
Parts Inventory
Stocking high-demand parts reduces turnaround time and keeps customers happy, but tying up cash in inventory creates pressure on daily operations.
Technicians & Payroll
Hiring and retaining skilled ASE-certified technicians is competitive and expensive — especially when scaling to handle more volume or add specialties.
Facility Upgrades & Expansion
Adding service bays, upgrading your waiting area, or opening a second location takes capital that most shops can't pull from daily ticket revenue.
Financing Options
Choose the right financing for your auto shop
Whether you're a single-bay independent or a multi-location operation, our products are designed to keep your shop running and growing.
Business Line of Credit
Revolving credit for parts orders, shop supplies, and daily operating costs. Draw what you need between repair tickets and replenish as customers pay.
- Amount
- $5K – $250K
- Speed
- 1–2 days
- Min. FICO
- 600+
Business Term Loan
A lump sum with fixed payments for major projects — adding service bays, a full facility renovation, purchasing a building, or opening a second shop location.
- Amount
- $5K – $500K
- Speed
- 2–5 days
- Min. FICO
- 650+
Equipment Financing
Finance up to 100% of lifts, alignment machines, diagnostic scanners, paint booths, tire changers, and other shop equipment. The equipment serves as its own collateral.
- Amount
- Up to 100%
- Speed
- 2–7 days
- Min. FICO
- 600+
Revenue-Based Financing
Get a lump sum based on your shop's revenue — repaid as a percentage of daily or weekly card transactions. Built for shops that need capital fast without a lengthy approval process.
- Amount
- $5K – $2M
- Speed
- 24 hours
- Min. FICO
- 500+
Invoice Financing
Unlock cash from outstanding invoices owed by fleet accounts, insurance companies, or dealership referrals. Advance up to 90% of the invoice value within 24 hours.
- Amount
- Up to 90%
- Speed
- 24 hours
- Min. FICO
- 600+
Not sure which product fits?
Our advisors work with auto shops of all sizes and can help match you with the right financing for your operation.
Talk to an AdvisorEligibility
Do I qualify for auto repair shop financing?
Minimum Qualifications
- 500+ personal FICO (varies by product)
- At least 3 months in business
- $4,000+ in monthly revenue
- Active business checking account
What You Need to Apply
- Basic info about your auto shop
- Last 3 months business bank statements
- Owner identification
- 3–5 minute application
Applying is free and won't impact your credit score.
Funding Estimator
How much could your auto shop qualify for?
Select your credit range and monthly revenue to see an estimated funding amount.
Free to apply · No credit impact
*Results shown are for general informational purposes and illustration only, and are not to be treated as an offer. Applications are subject to approval.
Use Cases
How auto shops use Ridgepeak Capital
Replacing aging lifts and adding a new bay
A 3-bay independent shop needs to replace two two-post lifts and add a fourth bay to handle growing demand. Equipment financing covers the $65K cost with the lifts as collateral — no cash out of pocket.
Equipment FinancingStocking up on high-demand parts before winter
A general repair shop wants to pre-order $25K in batteries, brakes, and tires ahead of the winter rush. A line of credit covers the inventory and gets repaid as tickets close through the season.
Line of CreditCollecting on outstanding fleet and insurance invoices
A body shop has $70K in pending insurance supplements and fleet account receivables — all net-45 or longer. Invoice financing advances 90% within 24 hours so the shop can keep operating without waiting on adjusters.
Invoice FinancingRunning a local marketing campaign to fill bays
A tire and brake shop wants to invest $15K in Google Local ads and direct mail to boost car count during a slow quarter. Revenue-based financing delivers the capital within 24 hours with repayment tied to daily card volume.
Revenue-Based FinancingHow It Works
From application to funding in three steps
Apply in minutes
Complete our quick online application in under 5 minutes — between jobs, from the office, or on your phone. No paperwork and no credit impact.
Get matched
Our platform evaluates your shop's profile and matches you with the best financing options from our network of 75+ lenders.
Get funded
Choose the best offer and receive capital in your business account in as little as 24 hours. Get back to turning wrenches with the funding you need.
FAQs
Common questions about auto repair shop financing
Everything shop owners need to know before applying.
What types of financing are available for auto repair shops?
Auto repair shops can access business lines of credit for parts and operating costs, term loans for facility expansion and renovation, equipment financing for lifts, scanners, alignment machines, and paint booths, revenue-based financing for fast working capital, and invoice financing to accelerate collections from fleet accounts and insurance companies.
Can I get an auto shop loan with bad credit?
Yes. Revenue-based financing is available with FICO scores as low as 500 and qualifies based primarily on your monthly shop revenue rather than credit history. Other products like lines of credit and equipment financing generally require a 600+ score. There are options across most credit profiles.
How fast can an auto repair shop get funded?
Revenue-based financing and lines of credit can fund in as little as 24 hours after approval. Equipment financing and term loans usually take 2 to 7 business days depending on the amount and documentation. The application itself takes less than 5 minutes.
What can I use an auto repair shop loan for?
Auto shop financing can be used for lifts, diagnostic equipment, and shop tools, parts inventory, facility renovation and bay additions, marketing and customer acquisition, technician hiring and payroll, opening a second location, or bridging gaps between completing work and collecting payment from insurers or fleet accounts. Funds deposit directly to your business account.
Do I need collateral for an auto shop loan?
Not for all products. Revenue-based financing and business lines of credit are unsecured — no collateral required. Equipment financing uses the equipment itself as collateral, so you don't need additional assets. Term loans may require a personal guarantee depending on the lender and loan amount.
How much can an auto repair shop borrow?
Funding amounts range from $5,000 to $2 million depending on the product, your annual revenue, and time in business. Most auto shops qualify for $15K to $250K based on their monthly ticket volume. Revenue-based financing offers the widest range, while lines of credit max out at $250K.
Ready to invest in your shop?
Apply in minutes. No impact to your credit score, and funding can arrive in as little as 24 hours.
Apply NowHave questions? Talk to an advisor.
Our team works with auto shops of all sizes and can help you find the right financing for your business.
Contact Us*The content provided on this page reflects the opinions and insights of Ridgepeak Capital, based on our research, methodologies, evaluations, and various additional considerations. This information is accurate as of the initial publication date. Ridgepeak Capital makes every effort to update and maintain the accuracy of this content, however, the information may differ from what you may find on other platforms. All information is presented without any warranty. We encourage you to carefully review the terms and conditions, relevant policies, contractual agreements, and all applicable details of the financial institution when considering offers. The ranges mentioned here do not represent pre-qualified offers. Ranges may be greater or less based on the information provided in your business financing application. Ridgepeak Capital may receive compensation from financial institutions reviewed on this page if you proceed to obtain business financing through them.