Automotive Services Business Loans

After approval and document submission, funds can be available in as little as 24 hours. The online application takes about 5 minutes, and most applicants receive a decision the same business day.

No. SBG Funding’s automotive business loans are unsecured — you are not required to pledge lifts, equipment, real estate, or other assets. Equipment financing is an exception: the equipment itself serves as collateral, which is standard across the industry.

SBG Funding works with a wide range of automotive service businesses — including general auto repair shops, tire and wheel shops, transmission specialists, collision and body shops, oil change and quick lube centers, auto detailing businesses, performance and custom shops, and dealership service departments. As long as your business meets the basic requirements — 6+ months in operation, $250K+ annual revenue, 500+ FICO — your service specialty does not affect eligibility.

Yes. Equipment financing and business term loans are both well-suited for purchasing auto shop equipment — including two-post and four-post lifts, wheel alignment systems, tire changers, brake lathes, diagnostic scanners, and paint booths. Equipment financing often provides longer repayment terms for larger purchases and uses the equipment itself as collateral.

Yes. Parts inventory is one of the most common uses of automotive business financing. A business line of credit is the best fit — it gives you revolving access to capital so you can maintain parts stock and place supplier orders without waiting for prior jobs to pay out first.

Yes. Fleet accounts and commercial clients are a great candidate for invoice financing. Rather than waiting 30 days for a fleet operator or commercial account to process payment, invoice financing lets you access the value of those outstanding invoices immediately — keeping your cash flow consistent regardless of your customers’ payment cycles.

Yes. SBG Funding evaluates your full annual revenue history, not just your current month. Auto shops with seasonal volume patterns — slower in winter in cold climates, busier in spring and fall — are a familiar profile. We look at annual deposit consistency and total revenue rather than any single month’s performance.

Yes. Expanding into collision repair is a major revenue opportunity — and a significant capital investment. A business term loan can cover the cost of a spray booth, frame straightening equipment, welders, and paint systems, with repayment spread over time. Many auto shops use SBG Funding financing specifically to add a new service line without waiting years for retained earnings to fund it.

The primary differences are speed, flexibility, and qualification criteria. Banks typically require 2–8 weeks for approval, collateral, a hard credit pull, and often a FICO score above 680. SBG Funding makes same-day decisions, requires no collateral, performs no hard credit inquiry, and accepts FICO scores of 500+. We evaluate more than 50 factors — including your revenue history and deposit patterns — rather than relying primarily on credit score.

To get started, you need your 4 most recent business bank statements. For larger loan amounts, we may also request business tax returns or additional financial documentation. No lengthy business plan or audited financials are required to begin the process.

Yes. Many SBG Funding clients renew or expand their financing as their business grows. If you have an existing loan in good standing, you may be eligible to apply for additional financing. Contact your funding specialist to discuss your options.