Invoice financing for auto repair & service
Get up to 90% of your unpaid invoices now. Shop owners use Credible Lending invoice financing to add a lift or bay or buy EV and ADAS diagnostic tools, with settled when your customer pays and advances within 24 hours.
| Amount | Up to 90% of invoice value |
|---|---|
| Term | Settled when your customer pays |
| Speed | Advances within 24 hours |
| Payments | Settled from invoice payment |
| Best for | B2B businesses with slow-paying customers |
Common uses in auto repair & service
- Add a lift or bay
- Buy EV and ADAS diagnostic tools
- Stock common parts
- Upgrade shop software
Why shop owners choose invoice financing
Diagnostics keep changing
Newer vehicles need newer tools. Finance them against the equipment.
Parts are cash up front
A line of credit covers parts for big jobs until the customer pays.
Bays are revenue
Every added lift is capacity you can sell.
How does invoice financing work?
- 1
Submit open invoices from creditworthy business customers.
- 2
Receive an advance of up to 90% of their value.
- 3
Your customer pays as usual.
- 4
You receive the balance, minus a transparent fee.
What do I need to qualify?
- 1 year in business
- $10K+ in monthly revenue
- 625+ FICO score
Other funding for shop owners
- Equipment financingGet the equipment now. It secures the loan.Up to 100% of equipment cost · Matched to the equipment's useful life
- Business line of credit$10K to $5M in revolving credit. Pay only for what you draw.$10K – $5M · Up to 24 months
- Working capital loansFast funding for everyday business costs.$10K – $2M · 3 to 18 months
Questions, answered
Something else on your mind? Ask an advisor.
Can shop owners qualify for invoice financing?
Yes. Most Credible Lending programs look for at least one year in business, $10,000 or more in monthly revenue and a 625+ credit score. We review auto repair & service financials with the industry's cash-flow patterns in mind.
Will my customers know I'm using invoice financing?
It depends on the structure. Ask your advisor about options where you continue to collect payments directly.
Can I finance diagnostic equipment?
Yes. Diagnostic tools, lifts, alignment machines and paint booths all qualify for equipment financing.
Ready when your business is.
Apply in about three minutes with a soft credit check. You'll hear back the same day.