AUTO DEALERSHIP FINANCING • LINE OF CREDITBusiness Line of Credit for Auto Dealerships — keep the lot running, not just the inventory
Loot offers auto dealerships an unsecured business line of credit from $5,000 to $100,000. Use it to cover reconditioning costs on trade-ins, sales and service staff payroll, marketing spend, or lot and facility costs — working capital for running the dealership, not for financing vehicle inventory. Established auto dealerships with 1+ year in business and $200K+ in annual revenue can check their options with a soft pull. Requests up to $30K get an instant decision, while larger requests may take a few more minutes.
No collateral
No hidden fees 
Same-day funding for $49
Auto dealership challenges: running the lot around the cars, not the cars themselves
Running an auto dealership takes cash for everything around the vehicles on the lot: reconditioning a trade-in before it's ready to resell, paying sales and service staff whether it's a busy weekend or a slow one, keeping up marketing spend to drive traffic to the lot, and covering rent, utilities, and facility costs. None of that pauses while cars sit waiting to sell.
Cover reconditioning costs on trade-ins before they're ready to resell- Pay sales and service staff through slower stretches on the lot
- Keep up marketing and lot facility costs between sales
Where an auto dealership line of credit does the heavy lifting
Six moments when dealership cash flow needs backup — and how a Loot line of credit can help.
Cover reconditioning costs on trade-ins
A trade-in often needs detailing, minor repairs, and inspection work before it's ready to go back on the lot. A line of credit can help a dealership cover reconditioning costs without pulling cash away from payroll or marketing.
Pay sales and service staff through a slower stretch
Sales commissions, hourly staff, and service technicians all need to be paid whether it's a strong sales weekend or a quiet one. A line of credit can help a dealership cover payroll through a slower month without cutting staff.
Keep marketing and advertising running
Digital ads, local promotions, and listing site fees help keep traffic coming to the lot, but marketing spend can be one of the first things to get cut when cash is tight. A line of credit can help a dealership keep marketing running even in a slower month.
Cover lot and facility costs
Rent, utilities, lot lighting and signage, and general facility upkeep are constant costs that don't slow down when sales do. A line of credit can help a dealership keep the lot and showroom running without draining cash reserved for staff or reconditioning.
Handle service department equipment and repairs
Lifts, diagnostic tools, and other service bay equipment can break down or need replacing at an inconvenient time. A line of credit can help a dealership keep the service department running without delaying a repair.
Bridge a gap between a slow sales month and a busy one
Sales volume can swing with the season, financing conditions, or local demand. A revolving line can help a dealership smooth payroll, marketing, and facility costs between a slow month and a busier one, without touching how inventory itself gets financed.
How a Loot line of credit helps auto dealerships
A Loot line of credit gives your dealership access to funds you can draw from when you need them — a business treasure chest for the costs of running the lot, not for financing the vehicles on it.
Loot for lot operations
Draw capital instantly to cover reconditioning, payroll, and marketing costs.
No hidden fees
Only pay for what you draw — no collateral, no surprise costs.
Built for any dealership size
From a single-lot independent dealer to a multi-location group, the line flexes with your business.
Trusted by auto dealerships
Built for owners who know the lot runs on more than just the cars on it. Transparent pricing, no hidden fees.
Faster than a weekend sales push
From application to funding, decisions happen in minutes and funds usually land within hours.
Flexible as a trade-in appraisal
Use a little or a lot. Repay on the weekly plan you choose. Scale as your dealership grows.
How a Loot line of credit works for an auto dealership
Say your dealership needs $25,000 to recondition three trade-ins, cover sales staff payroll through a slower week, and keep a marketing campaign running. With Loot, you can draw $25,000 from your approved line.
Before you confirm, you choose a fixed weekly repayment plan upfront, such as 16, 20, or 24 weeks. You see the total cost before you move forward.
If sales pick up sooner than expected and you pay the draw off early, there is no prepayment penalty. Paying off early can save up to 50% of remaining fees.
As you repay, your line revolves — the funds become available again as you pay down the draw. Same-day approval is standard, decisions happen in minutes, and once approved, same-day funding is available for a $49 transfer fee.
Requirements for auto dealership financing
To qualify with Loot, your auto dealership needs:
1+ years
$200k+
None
Checking eligibility is a soft pull, so it does not impact your credit score, approved or not. Loot looks at real business cash flow, not just a credit score.
Auto dealership line of credit vs. term loan vs. business credit card
| Features | Business Line of Credit | Term Loan* | Business Credit Card |
|---|---|---|---|
| How you access funds | Draw from an approved credit line when your dealership needs funds | Receive one lump sum upfront | Use the card for purchases up to the credit limit |
| What you pay for | Only the amount you draw | The full loan amount* | Purchases made on the card |
| Repayment | Each draw has a fixed daily, weekly, bi-weekly, or monthly repayment plan chosen upfront | Usually fixed payments over a set term* | Minimum monthly payments, with added fees if a balance carries |
| Revolves? | Yes, the line revolves as you repay | No, it is a one-time loan* | Yes, available credit renews as you pay |
| Best for | Reconditioning costs, payroll timing, marketing spend, facility costs | Larger one-time investments or major facility upgrades | Smaller purchases, subscriptions, or everyday expenses |
A term loan* can fit one large purchase. A business credit card can fit smaller daily expenses. A business line of credit can fit repeat dealership operating needs, like reconditioning costs, payroll timing, and marketing spend.
What auto dealerships can use a line of credit for
- Reconditioning costs on trade-ins
- Sales, service, and admin staff payroll
- Marketing, advertising, and listing fees
- Lot rent, utilities, and facility upkeep
- Service department equipment and repairs
- Slower sales month cash flow gaps
- Signage, lighting, and showroom upkeep
- Hiring, expansion, or a second location
Draw funds when the dealership needs them. Repay on the weekly plan you choose upfront. Keep your treasure chest available as you repay.
Financing for independent auto dealerships
Financing for independent auto dealerships can help cover reconditioning, payroll, and marketing costs that keep the lot running day to day. This is working capital for operating the dealership, not for financing vehicle inventory. A line of credit can help cover those costs while sales come in.
Financing for used car dealerships
Financing for used car dealerships can help cover trade-in reconditioning, staff payroll, and lot facility costs. A line of credit can help a dealership keep the lot and showroom running smoothly between sales.
Financing for auto dealership reconditioning costs
Financing for auto dealership reconditioning costs can help cover detailing, minor repairs, and inspection work needed before a trade-in goes back on the lot. A line of credit can help a dealership keep reconditioning moving without pulling cash away from payroll or marketing.
Financing for auto dealership marketing and advertising
Financing for auto dealership marketing and advertising can help cover digital ads, local promotions, and listing site fees that drive traffic to the lot. A line of credit can help a dealership keep marketing running even during a slower sales month.
Financing for auto dealership service departments
Financing for auto dealership service departments can help cover technician payroll, diagnostic tools, and lift repairs. A line of credit can help a service department stay running without delaying a needed repair.
Financing for multi-location dealership groups
Financing for multi-location dealership groups can help cover payroll, reconditioning, and marketing costs across multiple lots at once. A line of credit can help a dealership group keep every location running smoothly.
Don't take our word for it. Take theirs.
Loot funds small businesses across the US, and in our category we score in the top 5% of lenders for credibility, customer service, and user experience.
I will only use Loot
“I will only use Loot in the future for any financial needs my business might have and saying goodbye to everyone else!”
Auto dealership financing FAQs
Yes. Auto dealerships can apply for a Loot business line of credit if they have 1+ year in business and $200K+ in annual revenue. Loot offers $5,000 to $100,000 with no collateral required.
Loot has no minimum FICO score requirement. Underwriting looks at real business cash flow, not just a credit score. Your dealership still needs 1+ year in business and $200K+ in annual revenue to qualify.
Auto dealerships can get a decision in minutes, and same-day approval is standard. Requests up to $30K get an instant decision, while larger requests may take a few more minutes.
Yes. Once approved, same-day funding is available for a $49 transfer fee. Transfer timing may depend on bank processing times and applicable cut-offs.
No. Checking eligibility with Loot is a soft pull. It does not impact your credit score, approved or not. You can review your options before deciding whether to draw from the line.
Yes. Auto dealerships can use a Loot line of credit for trade-in reconditioning, detailing, and minor repair costs. You see the total cost before confirming and only pay when you draw.
Yes. Auto dealerships can use a Loot line of credit for sales, service, and admin staff payroll, as well as marketing and advertising spend. You choose a fixed weekly repayment plan upfront before confirming the draw.
No. A Loot line of credit is working capital for running the dealership — reconditioning, payroll, marketing, and facility costs — not a floor plan facility for financing vehicle inventory purchases.
Apply for auto dealership financing today
Whether you're covering reconditioning costs on a trade-in or want more room to keep payroll and marketing running through a slower month, a line of credit can give your dealership working capital without draining the cash needed for everything else.
Get $5,000 to $100,000. Apply in under five minutes with a soft pull that won't affect your credit score. If approved, draw what you need, see the total cost before confirming, and keep your treasure chest available as you repay.
No collateralNo hidden fees Same-day funding for $49