Hire Talented Mechanics
Build a skilled workforce by funding recruitment initiatives and compensation plans.
Unsecured Small Business Loans
Finance everyday auto repair shop expenses and payroll with minimal risk.
Read MoreTypes of Auto Repair Business Loans
With the flexibility to choose between multiple funding and loan options, SpringFi is a leading choice for auto repair shop cash advances.
Equipment Financing and Leasing
Purchase or lease lifts, diagnostic systems, protective equipment and other equipment for your auto repair business.
Read MoreHow Auto Repair Business Funding Can Help You
At SpringFi, we are here to help you keep your customers on the road. Our funding and loan options offer fast, competitive solutions for auto repair shop expenses. You can work with us to quickly obtain working capital that covers any purchase or expense, from equipment and tools to payroll and property leases. Our financing options are flexible and carry little risk, offering versatile auto repair shop capital solutions. SpringFi offers fast loans for auto repair shops that help owners cover ongoing expenses of all types. Apply online to receive working capital that increases your shop’s financial flexibility.
Here are some of the best ways you can use funding from SpringFi:
Pay for Employee Training
Train new hires and implement a safety program to comply with OSHA requirements.
Invest in New Technology
Upgrade your diagnostic systems and customer management software.
Replace Worn Equipment
Make your shop more efficient with new equipment, tools and machines.
Cover Regular Expenses
Receive working capital to cover monthly rent or pay taxes.
Market Your Auto Repair Services
Launch marketing campaigns using your SpringFi capital to help more customers find your auto repair shop.
Open New Shops
Receive a financial advance that helps you lease a new garage or put money down on land for your next shop.
How to Apply for an Auto Repair Shop Cash Advance or Business Loan
At SpringFi, we implement an application process that accommodates your need for timely funding.
Apply Online
You can submit your application securely in minutes by providing some information about your business and circumstances. Your bank statements and business credit card information are all you will need.
Connect With a SpringFi Agent
We’ll respond to your application with a call from one of our representatives. Our goal is to discuss the right financing option for you so that you can move forward with confidence.
Receive Approval and Collect Your Funds
Our team will provide a decision in as little as 60 minutes. From there, we can deliver funds the same day or the next day so that you can start growing your business.
Why Trust SpringFi for Auto Repair Shop Funding and Loans?
Since 2017, SpringFi has been a leading financial partner for small and midsized autobody shops. We provide dependable funding alternatives by working closely with each client. Our agents will tailor your financing plan to your circumstances. We prioritize communication and transparency so that you are always aware of your standing and fees.
As a company that values your time, we offer a fast application process that can give you a same-day loan for auto repair shop expenses. While traditional lenders often require a lengthy application process for auto shop financing, our quick application makes it possible to quickly get the loan you need and get back to helping drivers repair their vehicles.
Get Same-Day Auto Repair Business Loans Today
SpringFi knows the positive impact funding can have on your auto repair business, but borrowing these funds is just one part of managing your finances. With our payment calculator, you can easily factor repayment into your business’s budget.
Quick Solution With Minimal Documentation.
These funds are based on your business’s cash flow without the need for assets or collateral. Having a low credit score or tax issues is not a deal breaker.
Request Funding From SpringFi
A flexible, low-risk funding source can empower any auto repair business to manage daily expenses and reach new goals. At SpringFi, we offer some of the most competitive funding and loans available to auto repair shops. Our representatives can work closely with you to determine the most feasible funding solution and distribute your funds, so contact us online or call (929)-460-9727 to start the process.
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Frequently Asked Questions
We are here to help with any questions you may have regarding your loan.
There are no restrictions on the usage of your funds. Once you’ve received funding, you can use it to grow your business as you see fit.
The first step to receiving funding is filling out our online application. Once filled out, we’ll get in touch with you to discuss your financing options. Depending on your business needs, you may be eligible to receive funding with the documentation provided in your application. In the case a financing option requires additional documentation, we’ll let you know. Once you’re approved, you can expect financing in as little as 24-48 hours.
Your credit score isn't a deal breaker — our underwriting team makes financing decisions based on your business cash flow.
Once your application and bank statements are submitted, it only takes 4-10 hours to receive a decision from underwriting. If you accept the offer, we can have the funds in your account in as little as 24 hours.
Typically, we can help you finance 100% to 200% of your average monthly gross deposits.
Once approved, you’ll receive funding in a few hours. Normally, we can fund within 24 hours of receiving the application and banking statements.
No, in some cases, you may receive discounts for early loan payments.
Yes, we can work with you to discuss your options and consolidate your loans if needed.
SpringFi empowers small businesses with access to the financing they need to grow and prosper. Take your next step toward realizing your business dreams. Contact us online to learn more about our same-day business loans or call 347-778-5195 to speak with one of our dedicated funding experts.