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Funding for Automotive & Repair Shops

  • Do you need everyday/seasonal inventory (tires/oil/wiper blades etc)?
  • Require additional equipment to scale your shop such as a wheel alignment machine, hoists or work stations?
  • Moving to a larger location?
  • Marketing?

Automotive & Transportation

The automotive and transportation sector is vital in keeping the economy moving, and for small businesses in this industry, securing additional working capital or funds to expand can be crucial.

  • Do you need everyday or seasonal inventory like tires, oil, or wiper blades?
  • Are you looking to purchase additional equipment, such as a tire balancer or diagnostic tools?
  • Perhaps you’re planning to move to a larger location or open a new location to increase your customer base.

Capital Advance can make these expansions possible with seamless, short-term funding available the same day.

Repair Shop

Tire Dealer

Carrier Service

Gas Station

Auto Detailing

Towing and Roadside Assistance

Auto Glass Repair

Dent Repair

Trucking and Hauling

Term Funding

1

Fill out our online application.

2

Securely connect banking information.

3

Our professional will review your application and provide an offer.

4

Receive cash in less than 48 hours.

5

Repayment is made from the terms set out in our agreement.

Merchant Cash Advance

1

Fill out our online application.

2

Securely connect banking information.

3

Our professional will review your application and provide an offer.

4

Receive cash in less than 48 hours.

5

Repayment is made from the terms set out in our agreement.

Frequently Asked Questions

How long does my mechanic shop need to have been operating for to qualify?

Your auto shop will need to have been open and generating a minimum of $10,000 each month in gross revenue to qualify for business funding in Canada.

Why should I choose an alternative lender for my automotive business?

Bank loans can take weeks to approve and have lengthy requirements. On the contrary, Capital Advance is more flexible and can provide working capital finance to you in as little as 24 hours. Start with a fully online application and get the funds you require to keep your shop growing!

What type of things could I use a merchant cash advance for?

Anything your small business requires! Once you receive funding you can utilize the money for any purpose related to the business, be that to grow or take care of unexpected expenses. You can purchase a new hoist, lease an additional auto bay, purchase consumables such as fluids, catch up on outstanding supplier invoices or bridge cashflow while working on a large project.

Does Capital Advance provide business loans to car dealerships?

Capital Advance does not provide business funding to car dealerships.

Do you provide funding to trucking companies?

Capital advance will only provide working capital to trucking companies which have a fleet of vehicles and employees on payroll. We do not provide owner operators with capital.