Funding for Automotive Repair Shops

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. Once you meet that threshold, you can apply for a mechanic shop business loan in Canada based on your revenue rather than your credit score.

Bank loans can take weeks to approve and often come with lengthy requirements. Capital Advance is more flexible and can provide working capital in as little as 24 hours. Start with our online application and get the funding you need to keep your shop growing. Our auto repair shop working capital is designed for fast-moving situations and can also cover auto shop expansion funding when you are ready to grow. Our auto repair shop working capital is designed for fast-moving situations and can also cover auto shop expansion funding when you are ready to grow.

Once you receive funding, you can use it for business-related needs such as equipment, additional bays, consumables, supplier invoices, or bridging cash flow during larger projects. Many shops use it as auto repair shop equipment financing to purchase a hoist, diagnostic tools, or a wheel alignment machine without paying upfront.

Capital Advance does not provide business funding to car dealerships. However, we work with repair shops and welcome tire shop financing applications in Canada if you meet our revenue requirements.

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. For qualifying shops, we can also arrange garage equipment financing in Canada to purchase or replace essential tools.

The most common route is auto repair shop equipment financing, which lets you spread the cost of major tools rather than paying a large sum upfront. Capital Advance offers this as unsecured funding based on your monthly revenue, so you can quickly purchase a hoist, lift, or diagnostic system. Approved shops often receive funds within 24 to 48 hours, keeping your bays operational while you invest in new equipment.

For most owners, the smartest option is short-term funding that aligns with the pace of the business, which is where a mechanic shop business loan in Canada fits well. Rather than tying up personal assets, you borrow against your shop’s cash flow and repay with manageable automatic instalments. This keeps your auto repair shop’s working capital available for day-to-day costs such as parts, payroll, and consumables.

Most applications are reviewed the same day, and approved shops can receive funds within 24 to 48 hours. This speed is ideal when you need to buy discounted parts, cover an unexpected repair bill, or fund an auto shop expansion for a new bay. A quick online application is all it takes to get started.