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CommonLending

Auto repair shop loans

Money for lifts, parts, and payroll between repair orders.

What it is

Shops buy parts before the customer picks up the car, and a lift is a one-time purchase. Equipment financing fits the lift. A line of credit fits parts and wages.

What's typically needed

  • Latest three months of business bank statements
  • Time in business
  • A government-issued photo ID
  • Basic business details, such as legal name and industry
  • A quote if the funds are for a lift or tools
Start application

Applying has no impact to your credit. Submitting this form does not pull a credit report.

Related: Equipment · Parts and inventory · Payroll