AUTO REPAIR SHOPS • LINE OF CREDITAuto repair shop financing — keep every bay running
Loot offers auto repair shops an unsecured business line of credit from $5,000 to $100,000. Use it to cover parts, technician payroll and shop equipment, or give your business the room to take on a fleet account without draining the cash needed for everything else. Established auto repair shops 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 repair shop challenges: parts costs, payroll and payment delays
Auto repair shops often need to order parts before a customer or insurance company pays, and technicians still need to be paid whether a car is in the bay for an hour or a week. Insurance claims and fleet accounts with extended payment windows can leave a shop covering costs well before the invoice clears.
Purchase parts before the customer or insurer pays- Cover technician payroll while cars sit in the bay
- Wait out extended payment windows on fleet and insurance work
Where an auto repair shop line of credit does the heavy lifting
Six moments when repair-shop cash flow needs backup — and how a Loot line of credit can help.
Purchase parts before the customer or insurer pays
Engine, transmission and specialty parts often need to be ordered before a repair can start, and payment doesn't always land until the job is done and approved. A line of credit can help secure the parts a shop needs without pulling cash away from the rest of the business.
Take on a fleet or commercial account
A fleet contract can bring steady, high-volume work, but it often comes with extended payment windows on invoices. A line of credit can give a shop the working capital to service fleet vehicles now and get paid on the account's schedule.
Cover technician payroll during longer repair jobs
An engine swap or transmission rebuild can keep a car in the bay for days, and technicians still need to be paid for that time regardless of when the invoice is settled. A quick draw can help cover labor without taking cash away from parts or other scheduled work.
Handle insurance claim payment delays
Collision and insurance-covered repairs often mean waiting on an adjuster's approval before payment arrives, even after the parts are ordered and the labor is done. A line of credit can help a shop keep moving on approved work while the claim works through the process.
Invest in diagnostic equipment and lifts
Scan tools, alignment machines and lifts are expensive, and newer vehicles keep raising the bar on what a shop needs to service them properly. A line of credit can help cover equipment upgrades without draining the cash needed for day-to-day parts and payroll.
Manage seasonal swings in repair volume
Extreme heat and cold can spike demand for AC, battery and cooling-system repairs, while milder months bring less walk-in business. A revolving line can help smooth payroll and parts costs between a shop's busiest and quietest stretches.
How an auto repair shop line of credit helps
A business line of credit for auto repair shops provides flexible capital for parts, payroll and equipment. Draw loot when needed, repay as invoices clear, and keep every bay running.
Loot for parts
Draw capital instantly to stock the parts a repair needs.
No hidden shocks
Only pay for what you use — no extra fees hiding under the hood.
Fits any shop size
From a single-bay garage to a multi-location shop, the line flexes with your needs.
Trusted by auto repair shop owners
Built by operators who understand parts costs, payroll timing and insurance payment delays. Transparent pricing, no hidden shocks.
Speed that beats a tow truck
From application to funding, Loot provides auto repair shops with capital faster than a car can get towed in.
Flexible like a diagnostic scan
Use a little or a lot. Repay as invoices clear. Scale limits as the business grows.
How a Loot line of credit works for an auto repair shop
Say your shop needs $15,000 to order parts for an engine rebuild and cover technician payroll while an insurance claim is still processing. With Loot, you can draw $15,000 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 the insurance payment or customer invoice lands 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 repair shop financing
To qualify with Loot, your auto repair business 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 repair shop 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 auto repair shop 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 | Parts orders, payroll timing, insurance delays, equipment, fleet accounts | Larger one-time projects or major equipment purchases | 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 auto-repair needs, like parts orders, payroll timing, insurance delays, and equipment upgrades.
What auto repair shop owners can use a line of credit for
- Engine, transmission, and specialty parts
- Diagnostic tools, lifts, and alignment equipment
- Technician payroll and subcontractor costs
- Insurance claim and fleet payment delays
- Shop rent, utilities, and supply costs
- Seasonal swings in repair volume
- Supplier invoices and parts orders
- Hiring, expansion, or a second bay
Draw funds when the business needs them. Repay on the weekly plan you choose upfront. Keep your treasure chest available as you repay.
Financing for independent auto repair shops
Financing for independent auto repair shops can help owners manage parts costs, technician payroll, and job timing. Repairs often require parts before the customer pays in full. A line of credit can help cover parts or payroll costs while the repair moves forward.
Financing for collision and body repair shops
Financing for collision and body repair shops can help cover parts and labor while an insurance claim is still being processed. A line of credit can help a shop keep working on approved repairs without waiting on the adjuster's payment to clear.
Financing for fleet and commercial vehicle repair shops
Financing for fleet and commercial vehicle repair shops can help cover parts and payroll while fleet accounts work through extended payment windows. A line of credit can help keep vehicles moving through the shop on schedule.
Financing for transmission and engine repair specialists
Financing for transmission and engine repair specialists can help cover large parts orders and longer repair timelines. A line of credit can help fund parts and labor while the vehicle is still in the bay.
Financing for mobile mechanics and mobile repair services
Financing for mobile mechanics and mobile repair services can help cover parts, tools, and vehicle costs without a shop location to fall back on. A line of credit can help keep a mobile operation stocked and on the road.
Financing for auto repair shop equipment and lifts
Financing for auto repair shop equipment and lifts can help when a scan tool, alignment machine, or lift needs repair or replacement. With Loot, you can draw for the expense, see the total repayment before confirming, and pay it down early if invoices clear sooner.
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 repair shop financing FAQs
Yes. Auto repair shops 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 auto repair business still needs 1+ year in business and $200K+ in annual revenue to qualify.
Auto repair shops 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 repair shops can use a Loot line of credit for engine, transmission, and specialty parts orders. You see the total cost before confirming and only pay when you draw.
Yes. Auto repair shops can use a Loot line of credit for technician payroll, diagnostic equipment, and lift repairs. You choose a fixed weekly repayment plan upfront before confirming the draw.
Yes. A line of credit can help cover parts and payroll while a collision or insurance claim is still being processed, so the repair doesn't have to wait on the adjuster.
Apply for auto repair shop financing today
Whether you need to keep current repairs moving or want more room to take on a fleet account, a business line of credit can give your shop 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