01Auto repair and sales
Funding for auto repair and sales.
Minimum average deposits
Repair and sales sit under one heading and behave nothing alike. A shop takes many small payments a week; a dealer takes a few large ones a month and usually has a floor plan lender with a claim over the stock. The funding follows that split.
02How the money arrives
What your statements actually show.
Underwriting reads your bank account, not your industry. Knowing how revenue reaches the account in this sector is what makes the difference between a file that is understood and one that is misread.
- Revenue shape
- Repair: card and cash at the counter, many transactions a week, plus fleet and warranty accounts settled on terms. Sales: a small number of large deposits, often alongside lender payoffs on financed units, with a floor plan facility funding the inventory itself.
- How it reads to a funder
- Repair shops produce one of the steadier profiles on this list. Dealers produce the opposite: a handful of large, irregular deposits that look volatile in isolation and only make sense against unit sales.
- Seasonality
- Repair is comparatively flat, with a lift where seasonal weather forces work. Sales moves with tax refund season, model-year changeover and the end of quarters, and can be markedly quiet between them.
03What it funds
What the money is usually for.
Not a list of everything money can do. These are the things owners in this sector actually come to us for.
- Lifts, alignment racks and diagnostic equipment
- Parts inventory, particularly where supply is uncertain and buying ahead is cheaper
- Adding bays, or extending opening hours with more technicians
- Acquiring inventory outside a floor plan facility
- Working capital across a quiet stretch between selling seasons
Amounts run from $15,000 to $20,000,000, sized against what the account takes in rather than against what the money is for.
04Strength
What strengthens the file here.
The general list is on the qualification page. These are the things that carry particular weight in this sector.
Reads well
- For repair, consistent weekly card volume and a mix of retail and fleet work
- For sales, unit sales records that explain the deposits, rather than deposits alone
- Equipment owned outright, which is common in established shops and genuinely useful
- A trading history well past the floor, since both models take time to stabilise
05Friction
What complicates it.
None of these is an automatic no. Each one changes what is available, and each one is better raised by you at the start than found in the statements later.
The floor plan lien, on the sales side
A floor plan facility usually carries a claim over inventory and sometimes wider. It is the first thing to establish for a dealer file, because it determines what is left to fund against and can rule out asset-backed funding entirely.
Large lumpy deposits read as instability
Four deposits in a month is normal for a dealer and alarming to an underwriter expecting daily settlement. Sales records supplied with the statements turn a volatile-looking account into a legible one.
Parts inventory that has stopped moving
Stock bought against a supply scare and still on the shelf is capital, not liquidity. Funders discount slow inventory heavily when it is offered as security.
A fact that arrives with an explanation is worked with. The same fact found in the statements is a surprise, and surprises cost you terms.
06Which product fits
Not every sector wants the same instrument.
We arrange four. These are the ones that tend to suit auto repair and sales, and why. Which one is right for you is decided on your file, not on your sector.
Rates published
Merchant cash advance
The natural fit for repair, where counter takings arrive steadily and frequently.
How it worksQuoted per file
Asset-backed capital
Shop equipment and owned inventory are real security, subject to whatever the floor plan already claims.
How it worksQuoted per file
Bridge financing
Suits a dealer holding a position between acquiring units and selling them.
How it worksFind out where your file stands.
The application takes about fifteen minutes and asks for 3–6 months of business bank statements. If something on this page describes your business, say so at the start: it is the difference between a file that is read correctly and one that is read twice.