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Business line of credit for auto repair & service

Revolving credit from $10K to $5M. Shop owners use Credible Lending business line of credit to add a lift or bay or buy EV and ADAS diagnostic tools, with up to 24 months and draws land in seconds, 24/7.

Apply nowAbout business line of credit
See what you qualify forStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your advisor.

$10K$5M
How long have you been in business?
What's your average monthly revenue?

Total deposits into your business account in a typical month.

What's your personal credit score?

An estimate is fine. Applying won't affect your score.

Where should your advisor reach you?

We'll use this only for your application.

Business line of credit for shop owners
Amount$10K – $5M
TermUp to 24 months
SpeedDraws land in seconds, 24/7
PaymentsWeekly
Best forCash-flow gaps, inventory, recurring costs

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 a business line of credit

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 a business line of credit work?

  1. 1

    Apply once with a soft credit check. You'll get a decision the same day.

  2. 2

    Your advisor sets a limit based on revenue, cash flow and time in business.

  3. 3

    Draw any amount, any time. Funds reach your account in seconds, including nights and weekends.

  4. 4

    Pay a simple weekly amount. As principal is repaid, that credit is available to draw again.

What do I need to qualify?

  • 1 year in business
  • $10K+ in monthly revenue
  • 625+ FICO score
Check my options

Other funding for shop owners

Questions, answered

Something else on your mind? Ask an advisor.

Can shop owners qualify for a business line of credit?
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.
How does line of credit repayment work?
Your balance is consolidated into one simple weekly payment. As you repay principal, your available credit is restored. There are no draw fees, only a straightforward monthly maintenance fee, and you can customize the payment amount and term to fit your budget.
Can I get a credit line increase?
Yes. Based on your cash flow, net income and repayment history, you may be eligible for a higher limit. Your advisor reviews increases without a new application.
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.

Apply nowTalk to an advisor