Auto repair shop financing
Get $5,000 to $10 million to buy equipment, stock parts inventory, cover payroll or expand your shop, funded in as little as 24 hours.
- No collateral required
- Same-day decisions
- No hard credit pull
Simple, fast and clear.
- $5K–$10M
- Funding amounts
- 500+
- Minimum credit score
- Same day
- Decisions
- 24hours
- Fastest funding
Auto repair financing options at a glance.
The right option depends on what the money is for: tools you’ll use for years, parts and pay through a quieter stretch, or work you’ve billed to fleets and insurers.
Small Business Term Loans
- Best for
- Another bay, a shop remodel or a second location across town
- Repayment term
- 6 to 48 months
- Min. credit score
- 500+
Business Line of Credit
- Best for
- Parts orders and technician pay, drawn when the bays fill up
- Repayment term
- Revolving: repay and draw again
- Min. credit score
- 500+
Equipment Financing
- Best for
- Lifts, scan tools, calibration rigs, tire machines and paint booths, new or used
- Repayment term
- 2 to 5 years
- Min. credit score
- 500+
Invoice Financing
- Best for
- Work billed to fleets and insurers, advanced before they pay you
- Repayment term
- Per invoice, when your customer pays
- Min. credit score
- 500+
Working Capital
- Best for
- One lump sum for a large parts order or a quieter stretch
- Repayment term
- 3 to 24 months
- Min. credit score
- 500+
How auto repair shop financing works.
Most customers pay when they pick up the car, so a busy shop’s deposits come in steadily. The costs of growing a shop come in large amounts: a lift, a calibration system, a paint booth, another bay.
You apply online in minutes. Our team reviews your application and brings you the options that fit your shop: equipment financing for tools and lifts, a line of credit for parts and pay, or invoice financing for work billed to fleets and insurers. We look at your revenue, deposits and time in business, not just your credit score.
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Equipment as collateral. With equipment financing, the lift, scanner or booth secures the financing, and the payments run over its working life. You’ll need the seller’s quote.
Fleet and insurance work. Fleets and insurers pay on their own terms. Invoice financing advances up to 90% of those bills, so work you bill on account doesn’t hold up the rest of the shop.
What it costs. Compare offers by the total you’ll repay in dollars and the size and timing of each payment.
See how we stack up.
| Traditional Bank | Typical Online Lender | ||
|---|---|---|---|
| Decision speed | Same-day | 2-8 weeks | 1-3 days |
| Credit check | Soft pull only | Hard inquiry | Often a hard pull |
| Min. credit score | 500+ | 680+ | Varies |
| How they decide | Revenue + 50 factors, human review | Tax returns, financials | Algorithm only |
| Who you work with | One dedicated advisor | Loan committee | Call center or portal |
| Collateral | None required | Often required | Sometimes |
| Funding range | $5K-$10M | $50K+ minimum | Varies |
| Apply NowApplying won’t affect your credit score. |
Auto repair financing for every situation.
Shops use different kinds of financing for new technology, for accounts that pay later and for a bigger shop.
Keeping up with new cars
Driver-assist sensors, hybrids and electric cars call for new tools. Equipment financing brings that work in-house instead of sending it away.
Fleet and insurance accounts
Fleets and insurers pay on their own schedule. Invoice financing advances up to 90% of what they owe, so parts and pay stay on time.
Adding a bay or a second shop. A term loan covers the build-out and the lifts, so the new space opens with its equipment in place.
What shop owners use financing for.
Lifts and bays
Two-post and alignment lifts, or a bay fitted out from scratch.
Diagnostics and calibration
Scan tools and calibration rigs for the driver-assist systems on newer cars.
Paint and body equipment
A paint booth, a frame machine or welding gear for collision work.
Parts inventory
The parts you use most kept in stock, so more cars leave the same day.
Payroll and training
Skilled techs hired, certified and trained for hybrids and electric cars.
Work billed on account
Cash for jobs billed to fleets and insurers, without waiting on their terms.
All you need to qualify.
We look at more than your credit score, including your revenue history, deposit consistency and time in business. A shop with strong cash flow may qualify even with imperfect credit.
- No collateral
- No hard credit pull
- No upfront fees
- 500+
- Minimum credit score
- 6+months
- In business
- $150K+
- Yearly revenue
- 4months
- Of bank statements
Three steps to your funding.
- 1
Apply online
Fill in our short application in a few minutes. A few basics about your business and what you need, with no stack of paperwork to get started.
- 2
Get your options
Our team reviews your application and brings you the options that fit your business. We look at revenue, deposits and time in business, not only your credit score.
- 3
Receive your funds
Once you’re approved and the documents are signed, the funds can be in your business bank account in as little as 24 hours.
Frequently asked questions.
Is Noya Funding a lender?
Noya Funding is a business funding broker. We work with a wide network of lenders: our team reviews your application, matches you with the options that fit your business and stays with you through funding.
Does applying affect my credit score?
No. There’s no hard credit pull to apply, so applying won’t affect your credit score.
Can I finance lifts, scan tools or a calibration system?
Yes. Equipment financing covers new and used shop equipment, from lifts and tire machines to scan tools, calibration rigs and paint booths, up to 90% of its value, with the equipment itself as collateral. You’ll need the seller’s quote.
Fleets and insurers take weeks to pay me. What helps?
Invoice financing advances up to 90% of what a fleet or insurer owes once you’ve billed the work, and the rest, less a fee, comes when they pay. A line of credit covers the same wait if you’d rather draw only what you need.
Can financing cover parts inventory?
Yes. A line of credit or working capital stocks the parts you use most, so jobs don’t sit waiting on deliveries.
What kinds of shops can apply?
General repair, collision and paint, tire, transmission, quick lube and specialty shops, and mobile mechanics too. We look at each shop on its own numbers.
Which states do you work in?
Every state except Texas, Virginia, Connecticut and Missouri, where we can’t take requests yet.
Ready to get funded?
Apply online in minutes. No collateral, no hard credit pull and no obligation.