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2021 Auto Repair Center Loans 


Auto repair shops provide an essential function for the over 220 million drivers in the United States-- but they need financing in order to grow. So, whether you need a $500,000 loan to start a small auto body repair shop, or $5 million to refinance a massive auto repair center, Commercial Real Estate Loans. has you covered. 

Auto Dealership Loan Terms

While specific loan terms vary based on the individual customer, in general, our auto repair center loan terms include: 

  • Loan Size: $500,000+

  • Loan Purpose: Loan can be used for property acquisition or refinancing, but cannot be used for business-only financing

  • Loan Term: 3, 5, 10 and 15-year fixed-rate terms

  • Amortization: 15, 20, 25, and 30-year options

  • Leverage: 80% LTV allowance (subordinate debt allowed)

  • DSCR: 1.40 minimum DSCR

  • Recourse: Loans are typically full recourse

  • Credit Score Requirement: 660 minimum

SBA Loans for Auto Repair Centers

Many auto repair center owners find that the SBA 7a and SBA 504 loan programs are a fantastic way to fund their businesses. Unlike traditional real estate financing, SBA 7(a) loans can fund equipment and to provide working capital for auto repair centers and body shops. This makes them significantly more flexible than many other loan products on the market. Despite that, it's important to realize that SBA loans require business owners to have excellent credit and little to no debt in order to qualify. 

Get a Free Auto Dealership Property Loan Quote Today

For auto repair and commercial property loans from just $1,000,000, click the button below. Then, fill out our short, secure form for a fast, easy, and free quote from a commercial mortgage banker. You may also email us any time at