Auto Repair Shop Funding

The automotive repair industry is projected to grow at an annual rate of 3.5% over the next five years. Support the growth and success of your auto repair shop with up to $500,000 in funding from ASAP Capital® in as little as 24 hours.

Auto Repair Shop Funding

The automotive repair industry is projected to grow at an annual rate of 3.5% over the next five years. Support the growth and success of your auto repair shop with up to $500,000 in funding from ASAP Capital® in as little as 24 hours.

Reliable Fast Auto

Repair Shop Funding

Auto repair shops play a crucial role in the automotive industry. With a shortage of new cars on dealer lots and reduced production capacity due to pandemic-related supply chain issues, consumers are holding off on purchasing new vehicles, making auto repair shops busier than ever.

Despite being deemed essential to automotive safety by the National Highway Traffic Safety Administration (NHTSA), traditional lenders like banks often view auto repair shops as high-risk due to their higher loan default rates. This can lead to delays in funding, which may impact your customers and result in missed growth opportunities.

As an alternative lender, ASAP Capital® can provide more funding options for auto repair shops than traditional lenders, with quicker approval times and funds available in as little as one business day. We offer a variety of funding types to support your business growth, ranging from $3,000 to $500,000, with no restrictions on fund usage. We support all types of auto repair businesses, including auto body repair shops, collision repair centers, garages, and car care facilities.

Auto Repair Shop Funding Rates

Auto repair shop funding rates vary based on the type of alternative small business funding you receive. Many alternative funding options use a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal figures that indicate the additional amount you'll owe on the original loan amount, determined by your risk assessment.

Reliable Fast Auto

Repair Shop Funding

Auto repair shops play a crucial role in the automotive industry. With a shortage of new cars on dealer lots and reduced production capacity due to pandemic-related supply chain issues, consumers are holding off on purchasing new vehicles, making auto repair shops busier than ever.

Despite being deemed essential to automotive safety by the National Highway Traffic Safety Administration (NHTSA), traditional lenders like banks often view auto repair shops as high-risk due to their higher loan default rates. This can lead to delays in funding, which may impact your customers and result in missed growth opportunities.

As an alternative lender, ASAP Capital® can provide more funding options for auto repair shops than traditional lenders, with quicker approval times and funds available in as little as one business day. We offer a variety of funding types to support your business growth, ranging from $3,000 to $500,000, with no restrictions on fund usage. We support all types of auto repair businesses, including auto body repair shops, collision repair centers, garages, and car care facilities.

Auto Repair Shop Funding Rates

Auto repair shop funding rates vary based on the type of alternative small business funding you receive. Many alternative funding options use a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal figures that indicate the additional amount you'll owe on the original loan amount, determined by your risk assessment.

Auto Repair Shop Funding Solutions

Our knowledgeable and approachable Funding Advisors will assist you in finding the best funding option to help you achieve your goals while ensuring your auto repair shop's cash flow remains unaffected.

Auto Repair Shop Funding Solutions

Our knowledgeable and approachable Funding Advisors will assist you in finding the best funding option to help you achieve your goals while ensuring your auto repair shop's cash flow remains unaffected.

How to Utilize Auto Repair Shop Funding

There are no restrictions on how you can use your funds. Auto repair shop funding is perfect for boosting your company’s revenue, enhancing your commitment to clients, and reaching more customers. You can use your funding to:

Renovate or expand your shop space to meet growing demand

Purchase essential equipment and inventory

Hire and train mechanics to ensure high-quality repairs

Acquire software to assist with repair procedures and office tasks

Employ additional staff, such as service advisors, lead mechanics, or customer service representatives

Obtain necessary state licenses and permits

Develop an online booking system for 24/7 service access

Invest in marketing and advertising to attract more customers

Sometimes, auto repair shops need a quick infusion of working capital to help meet the unique challenges of their field, such as:

Covering unexpected expenses due to supply chain delays

Managing cash flow and payroll

Navigating seasonal fluctuations

Handling the high cost of automotive equipment

How to Utilize Auto Repair Shop Funding

There are no restrictions on how you can use your funds. Auto repair shop funding is perfect for boosting your company’s revenue, enhancing your commitment to clients, and reaching more customers. You can use your funding to:

Renovate or expand your shop space to meet growing demand

Purchase essential equipment and inventory

Hire and train mechanics to ensure high-quality repairs

Acquire software to assist with repair procedures and office tasks

Employ additional staff, such as service advisors, lead mechanics, or customer service representatives

Obtain necessary state licenses and permits

Develop an online booking system for 24/7 service access

Invest in marketing and advertising to attract more customers

Sometimes, auto repair shops need a quick infusion of working capital to help meet the unique challenges of their field, such as:

Covering unexpected expenses due to supply chain delays

Managing cash flow and payroll

Navigating seasonal fluctuations

Handling the high cost of automotive equipment

How Auto Repair Shop Funding Works

APPLY

Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.

CHOOSE FUNDING

A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.

GET FUNDED

Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.

SET REPAYMENT

Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.

How Auto Repair Shop Funding Works

APPLY

Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.