Financing for Auto Repair & Service
Since 2001, ARF Financial has helped thousands of auto repair and service shop owners obtain approvals on more than a billion dollars. We’ve done this by offering innovative loan products and flexible repayment options specifically for the needs of those in the auto repair and service industry.
Recently, due to supply chain issues and rampant inflation, many consumers are deciding to keep their vehicles longer to save money. This presents tremendous growth potential for auto repair shops and service centers, but it costs money to take advantage of these timely opportunities. Having enough mechanics, the right equipment and diagnostic tools is important, and costly, to meet the higher demand. That’s where we come in. Our loan products allow auto repair and service business owners quick access to the funding needed to serve their markets and maximize profits.
At ARF, our focus is to get you the capital you need when you need it, all while providing seasoned guidance to help you maximize your return on investment. That’s why we’re devoted to sticking by your side for the long haul, ensuring you can capitalize on new business opportunities or emerging trends as they develop. Here are some valuable options to put our auto repair and service financing to work in your business:
Size Matters!
Larger Loan Amounts, Longer Terms & Big Rewards
Big projects usually mean big upfront investments, something you can’t get from a merchant cash advance. If you’re ready to take the plunge and go BIG this year, we have financing that’s the perfect fit. You can now borrow up to $1,000,000 with terms up to 36 months to fund your big projects while keeping your costs low. Our average loan size is over six times larger and repayment terms are more than three times longer than a Merchant Cash Advance. Larger loan amounts mean you can invest in growth opportunities that will make a significant impact to your bottom line, and longer terms mean your payments are manageable and won’t interfere with your cash flow! Check out the comparison below:
The Difference is Insight
Maximize Your Return On Investment
Whether it’s to update existing technology or to expand your services, every auto repair and service company needs an influx of working capital from time to time. And with an ARF Financial working capital loan, we make sure you are rewarded for your hard work, and you keep more of what you earn. Our team of personal financial consultants is very knowledgeable about the auto repair and service industry and will customize your loan to meet your business’ specific needs, allowing you to maximize your business’ financial return!
Capitalize On New Opportunities
As an auto repair and service business owner, one of the biggest opportunities you may pursue is the opening of an additional location, which will allow you to expand your footprint and multiply your revenue. With flexible loan options, ARF Financial can give you the best shot at capitalizing on this potential. Our loans range from $5,000 to $1 million in funding. We make applying online easy thanks to our low documentation process. And unlike traditional bank loans, you don’t need perfect credit to get approved!
Minimum Qualifications
Industry Type
We lend to more than just restaurants. Over the years we’ve expanded our approved industry types. Click here to see the full list.
Credit Score
We can work with merchants that have less than perfect credit. An applicant must have a minimum Equifax credit score of 575 or higher.
Time in Business
Applicant must own the business. The business must be open and operating under the same ownership for at least one month (30 days).
Annual Sales
Your business must generate a minimum of $17,000 per month in gross sales ($200,000 annually) from both credit card and cash.
How to Apply for Auto Repair and Service Financing?
If you own an auto body shop or a car service center and are looking for working capital with the lowest payments possible, simply complete our online application today. There are 4 pre-qualification questions, 5 easy steps, and there is no hard credit pull so your credit will not be affected. We also employ seasoned loan consultants who live and work in your area, who are knowledgeable about your specific market and will work side-by-side with you throughout the process.
Our Unique Loan Products
Bankroll – Revolving Line of Credit
Your business is always evolving. Wouldn’t it be great to have a loan product flexible enough to evolve with it? Now you do! Our new Revolving Line of Credit – BANKROLL, provides the MAX loan approval, a fixed loan term up to 36 months, and a fixed weekly payment – plus the flexibility to pay down or draw funds on an unlimited basis!
Interest-Only Flex Pay Loan
We believe growing your business shouldn’t mean sacrificing your cash flow, and with ARF’s Interest-Only Flex Pay Loan it doesn’t. It allows you to quickly access from $50,000 to $750,000 and low, interest-only payments for up to 1 year. And, it also carries an optional Line of Credit with unlimited draws for up to a year!
Lines of Credit
With a Line of Credit from ARF Financial, when opportunity knocks, business conditions change or unexpected expenses arise, you will be ready. It gives you 24-hour access to 5 separate loan drafts over a 6-month period. You can draw additional funds as needed and only pay for what you use!
Flex Pay Loans
Many merchants simply don’t dream big because they believe they can’t afford to borrow the funds needed to make those dreams real. Our Flex Pay loan solves that problem! Flex Pay allows your clients to defer up to 50% of their loan principal into the future, resulting in the lowest payments now!
Quick & Easy Online Application
