Auto body and repair shops are essential for maintaining the appearance and functionality of vehicles. These shops specialize in repairing damages to the body of a vehicle, such as dents, scratches, and broken parts, as well as performing maintenance services to keep the vehicle running smoothly. The services offered by auto body and repair shops can range from minor cosmetic repairs to major collision repairs. Minor repairs may include fixing small dents and scratches, while major repairs may involve replacing entire panels or sections of the vehicle. In addition to repairing the body of the vehicle, auto body shops may also perform mechanical repairs and maintenance services such as oil changes, brake repairs, and tire rotations. Maximum Financial Inc. arranges all kinds of funding for these businesses.
Get Financing Auto Body Repair Shop Loan Quote
Vehicle Maintenance Business Funding
Quick Commercial Application |
Commercial Quote Request |
Payment Calculator
Get Bid / Offer |
Other Business Property Types
Financing a loan to purchase or refinance an auto body repair shop requires careful consideration and planning. Here are some steps that we walk you through so you can make an informed decision to finance a loan for an auto body repair shop:
1. We assist you in determining your financing needs: Before actually applying for a loan, it is important to determine the amount of financing that you need to purchase, refinance or expand your auto body repair shop. Factors such as the purchase price of the business, the value of the assets, costs of expansion and any outstanding debts or liabilities will determine the amount.
2. Research funding options: There are various financing options available to obtain a loan to purchase or refinance an auto body repair shop. We have access to a large rolodex of lenders that are familiar with automotive industry businesses. These options may include conventional bank loans, non-bank lenders, Small Business Administration (SBA) loans, equipment financing, and lines of credit. It is important to research each option to determine which one is the most suitable for your financing needs. That is where our expertise comes in here at MFI.
3. Prepare a business plan: Lenders will typically require a business plan that outlines your business goals, strategies, and financial projections. A well-prepared business plan can help you secure financing and demonstrate to lenders that you have a clear understanding of the business and the market. Properly presented the loan company will want to say yes.
4. Gather financial documents: Many lenders will also require financial documents such as tax returns, bank statements, and financial statements to evaluate your ability to repay the loan. It should be noted that many lenders do not require heavy documentation. It is important to gather all necessary financial documents in advance to streamline the application process. We will prepare a list of all documents you will need in the process.
5. Apply for financing: Once we have determined your financing needs, researched loan options, prepared a business plan, and gathered financial documents, you can apply for the funding. We assist in all document preparation, organization and building a file that will impress the lenders and make them want to lend the money.
6. Evaluate loan offers: We will obtain various offers for you to review and accept or reject. After submitting the application file, you may receive more than one loan offer from the various lenders. It is important to carefully evaluate each offer, including the interest rate, repayment terms, and any fees or charges associated with the loan. We'll guide you to the most beneficial loan financing offer for your auto body - repair shop.
Regrettably, many banks and traditional commercial lending institutions throughout the country do not typically approve requests for real estate related to automotive services due to environmental concerns associated with auto repair and body shops. Property with underground tanks also poses a unique challenge for most lenders. However, we have the ability to secure financing in these situations.
In summary, financing a loan to purchase or refinance an auto body repair shop requires careful planning and consideration. By researching financing options, preparing a business plan, gathering financial documents, and evaluating loan offers, you can secure financing that meets your needs and helps you achieve your business goals. We're long time experts at funding placement.
Quick Application
Apartment
Building Multi-Family
|
Bed & Breakfast
Campground RV Park |
Car Wash Carwash |
Day Care |
Land Development Construction |
Motel Hotel
Mixed Use |
Mobile Home Park |
Office Building |
Restaurant |
SBA |
Self-Mini Storage |
Retail Strip Center |
Warehouse
Auto Body Repair Shop Loan Financing
Application|
Gas Station C-Store
Automotive repair financing and body shop loan

Mobile Home Park
Restaurant
RV Park Campground
Self Mini Storage
Commercial Funding MFI
36 Cartier Ct.
Dillon, CO 80435
970-406-8744