Auto Repair Shop Funding

Upgrading your technology in your auto repair shop is a great way to utilize your funding. Upgrading technology can help you become more efficient and productive, such as purchasing new equipment or software that will help you diagnose and fix problems faster and easier. You may also want to consider upgrading your shop’s security system to make sure your tools and equipment are safe.

Traditional lenders can take weeks or months to review and approve your loan application. If you’re looking for a way to streamline your cash flow, as an alternative lender, we have different approval requirements and can approve more funding for auto repair shops. We can provide you with the funds you need to cover project expenses, operating costs, and more, often in less than 24 hours.

There are many ways you could use your funding. Some uses of funding for an auto repair shop include covering the costs of inventory, payroll, and other expenses that are incurred on a day-to-day basis. Auto body repair shop funding could also be used to maintain the operations of the business, including things marketing initiatives, software licenses, and rent. Ultimately, how the funding is used will depend on the specific needs and goals of your shop. Make sure to consult with one of our Funding Advisors to ensure you are using your funding in the most efficient and effective way possible.

You can get funding for an auto repair shop from traditional lenders like federal funding programs or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.

There are no restrictions on how your funds can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.

A merchant cash advance is a form of unsecured funding that small business owners can use to finance their businesses. An MCA is different from a traditional loan because it is not based on the business’s credit history or assets. Instead, a merchant cash advance provider like Greenbox Capital evaluates a business’s future sales potential. This makes it a great option for small business owners who may not have excellent credit or who do not have enough assets to secure a loan. We recommend you speak with one of our knowledgeable Funding Advisors—they can help you explore all of the available funding solutions for your business.