Business Loans for Auto Shops

Business Loans for Auto Shops in Canada

Canada is home to a massive community of automotive shops that have been operating and helping Canadian citizens for years. As a leading country in the world, it is often a preferred location for auto shops to set up operations. In order to expand faster, many auto shop owners often apply towards an auto shop loan especially in the initial stages. This is where you can look towards Smarter Loans as we have you covered with our vast roster of auto shop loan providers in Canada. After assisting tons of auto shops during their initial phases, our providers are able to work out terms that benefit both parties. This is especially useful as all auto loans might have different use cases being that some garage owners would like to upgrade equipment, others would choose to undergo a new wave of staffing and so on. As a leading loan directory, we have one of the fastest application processes in the industry.

Our application services are entirely online so that you can choose when and where you can apply from. Now in minutes, you can enter an application form to one of our providers and in a matter of days, hear back on the results on that very application. To ensure your automotive garage is eligible for auto shop financing with one of our providers, guarantee that your shop that is at least 6 months old and makes over $5000 a month in revenue. To see which providers we work with, see the list below.

Click the “Apply Now” to begin applying to one of our providers. If you can’t pick a provider, pre-apply at Smarter Loans instead. We will assign a team member of ours to help you find an auto shop loan provider in Canada that suits your garage.

We can help connect you with the top auto shop business financing providers in Canada.

Get Auto Shop Business Loan Now!

Top Business Loans for Auto Shops Providers in Canada

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $100,000
Starting at 15%
12 - 18 Months
$50,000 - $300,000
Starting at 8.39%
6 - 12 Months
$5,000 - $300,000
Starting at 8%
12 - 24 Months
$4,000 - $300,000
5.49% - 22.79%
6 - 60 Months
$5,000 - $250,000
Starting at 9%
3 - 18 months
$5,000 - $100,000
Starting at 29%
4 - 6 months
$5,000 - $100,000
Starting at 6.87%
3 - 18 Months
$5,000 - $150,000
8.99% - 18.99%
3 - 24 Months
$5000 - $500,000
12.99% - 39.99%
6 - 18 Months
$5,000 – $500,000
Starting at 5.9%
3 – 60 Months

Types of Business Loans for Auto Shops offered:

  • Term Loans
  • Merchant Cash Advance
  • Business Line of Credit
  • Working Capital
  • Unsecured Business Loans
  • Secured Business Loans
  • Bad Credit Business Loans
  • Private Business Loans
  • Restaurant Business Loans
  • Retail Store Business Loans
  • Salon & Spa Business Loans
  • Automotive Business Loans
  • Construction Business Loans
  • Startup Business Loans

Elite Trusted Lenders

These companies are recognized for their excellent service, product offering and financial literacy education for all Canadians.