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Funding for auto shops, dealers, and detailers: $5,000 to $10 million for parts, equipment and repairs, funded within 24 hours of approval on deals up to $2 million.
Auto shops, dealers, and detailers share a cash-flow problem: money leaves in bulk — parts orders, floor inventory, equipment — and comes back one ticket at a time. Funding sized against your monthly revenue bridges that gap without waiting on a bank that wants two years of statements.
We fund repair shops, body shops, tire centers, auto parts stores, used-car dealers, detailing operations, and mobile mechanics: $5,000–$10 million, funded within 24 hours of approval on deals up to $2 million, qualified on 4+ months in business and $10,000+ monthly revenue.
The number that most often separates two automotive files with the same monthly deposits never appears on a term sheet. It is days of cover: the average daily balance divided by the combined daily remittance a file proposes — every existing position plus the new one — or how many banking days the account could carry the debits with nothing coming in. There is no fixed floor: a thin cushion sizes the offer down until the balance covers it, and an account with almost none is usually a decline. A service shop banking a card batch every business day tends to hold its balance steadier than a lot that deposits a few large sums when units sell and pays out between them, which is why a lot can be sized more cautiously than its monthly total suggests. Before applying, divide your own average balance by the daily payment you are considering plus any you already carry. If the answer is days rather than weeks, holding more in the operating account for thirty days shows in the statements, and a full window of it changes the file.
Automotive businesses typically see 80%–150% of monthly revenue, within $5,000 to $10 million. A shop doing $50,000 a month generally lands in the $40,000–$75,000 band. Floor-plan inventory for a dealership is a distinct product from working capital; if that's the need, say so early.
Yes. We arrange equipment financing through a direct lending partner; what we fund in house is working capital, which can pay for equipment too. Bring the vendor quote and we will talk through which fits before anything goes to a partner. See our equipment financing page.
Seasonal swing is normal in automotive, and it won't surprise anyone. The $10,000 monthly minimum is read as an average across four months of statements, so a slow season does not stop you qualifying. What a deep dip can change is size: when the weakest month in the four-month window falls far below the window's average, the remittance is sized to that month rather than to the average. Last year's statements for the same four months are what let the average stand. If your sales slow, you can ask us to adjust your payments to your actual revenue; we answer a request within 5 business days.
Decision within 24 business hours; on deals up to $2 million, money within 24 hours of approval. If a bay is down and it’s costing you jobs, tell your advisor — that’s exactly the situation the fast-cash path exists for.
Yes, and it's a clean use case: buying at a discount against known demand has a traceable return that underwriting responds well to.
No. Vehicle inventory floor plans are a specialised facility. This is working capital for operations, equipment, and parts — say early if floor plan is what you actually need.
Yes, through a partner. A vehicle the business buys — a truck, a van or a car — is financed like equipment: arranged through a direct lending partner, only after talking through the options with you and only if you choose to, at no fee to you; the partner’s terms, including any filing on the vehicle, are set out in writing before anything is signed. What we fund in house is working capital, which can pay for a vehicle too.
Better, on both of the things actually being measured. Daily settlement from a lot of small tickets reads as durable recurring business, while the same total arriving as one or two payments a month reads as customer concentration and gets discounted for it. Daily settlement usually comes with a steadier average daily balance too, and that is the figure that most often sets how large an offer can be. Two habits distort it, and both are worth fixing before you apply: transfers between your own accounts inflate apparent deposits and get netted back out, and revenue landing in a personal account generally is not counted at all.
Yes, on the same bar as a shop: 4+ months in business and $10,000+ in monthly revenue. A parts business usually banks two kinds of sales. Counter sales settle within a day or two from a lot of customers, while the house accounts that repair shops and fleets run pay on their own schedule, in a few larger amounts. Both count as revenue. If one account is a large share of your deposits, say so, since heavy customer concentration moves an offer down. Stock is the usual use: deeper inventory bought at volume pricing against demand your own sales already show.